Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) from a hold rating to a sell rating in a research report released on Tuesday morning.

A number of other research firms have also issued reports on HOMB. Royal Bank of Canada reissued a sector perform rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Stephens raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an overweight rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of Hold and a consensus price target of $26.00.

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

Shares of HOMB stock opened at $23.73 on Tuesday. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $25.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 12.19 and a beta of 1.09. The stock’s 50-day simple moving average is $23.98 and its 200-day simple moving average is $23.73.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. The business had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, equities analysts forecast that Home Bancshares, Inc. will post 1.97 earnings per share 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, June 5th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 37.11%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now owns 1,000 shares in the company, valued at $24,530. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at $24,530. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,606 shares of company stock worth $1,101,008. Company insiders own 7.66% of the company’s stock.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in HOMB. Cetera Advisors LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth approximately $543,000. Silvercrest Asset Management Group LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 0.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 409,610 shares of the financial services provider’s stock worth $10,064,000 after buying an additional 1,821 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter worth approximately $31,000. Bessemer Group Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 15.0% during the first quarter. Bessemer Group Inc. now owns 44,216 shares of the financial services provider’s stock worth $1,087,000 after buying an additional 5,780 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 5.6% in the 1st quarter. Bahl & Gaynor Inc. now owns 924,973 shares of the financial services provider’s stock valued at $22,727,000 after buying an additional 49,216 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

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.