Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Upgraded to "Hold" by StockNews.com

StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

Other equities analysts have also recently issued reports about the company. Piper Sandler lifted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Royal Bank of Canada restated a "sector perform" rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Stephens boosted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Performance

NYSE:HOMB traded down $0.26 during trading hours on Friday, reaching $26.89. The stock had a trading volume of 719,301 shares, compared to its average volume of 971,652. The stock has a market cap of $5.39 billion, a P/E ratio of 13.86 and a beta of 1.05. Home Bancshares, Inc. has a 12-month low of $19.87 and a 12-month high of $28.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day simple moving average of $26.98 and a 200 day simple moving average of $25.42.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $258.00 million during the quarter, compared to analysts' expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. On average, research analysts forecast that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

Home Bancshares, Inc. (Conway, AR) Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 40.21%.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

Several hedge funds have recently added to or reduced their stakes in HOMB. Allspring Global Investments Holdings LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) during the first quarter worth about $4,738,000. State of Michigan Retirement System lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider's stock valued at $1,131,000 after acquiring an additional 1,000 shares during the last quarter. Amarillo National Bank lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 96.8% in the 1st quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider's stock valued at $2,498,000 after acquiring an additional 50,000 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 711,604 shares of the financial services provider's stock valued at $17,484,000 after acquiring an additional 10,391 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 72.9% in the 1st quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider's stock valued at $2,440,000 after acquiring an additional 41,872 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.