Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Downgraded by StockNews.com

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other analysts have also recently issued reports on the company. Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One equities 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.

View Our Latest Report on Home Bancshares, Inc. (Conway, AR)

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

NYSE:HOMB opened at $23.14 on Friday. The company has a market cap of $4.64 billion, a P/E ratio of 11.93 and a beta of 1.08. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The company’s 50-day moving average price is $23.76 and its 200-day moving average price is $23.92. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. The business had revenue of $246.40 million for the quarter, compared to analysts’ expectations of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. 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 EPS. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Davis sold 20,544 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HOMB. Horrell Capital Management Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% during the 1st quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock worth $2,889,000 after buying an additional 588 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 677 shares in the last quarter. Strs Ohio raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 4.5% in the fourth quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 800 shares in the last quarter. M&T Bank Corp boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 6.6% in the fourth quarter. M&T Bank Corp now owns 13,185 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 822 shares during the period. Finally, State of Michigan Retirement System grew its stake in Home Bancshares, Inc. (Conway, AR) by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

(Get Free Report)

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.

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