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

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

Other research analysts have also issued research reports about the company. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Stephens lifted their price target on 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.00.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.2 %

HOMB stock opened at $23.15 on Friday. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average is $23.76 and its 200-day moving average is $23.91. The firm has a market capitalization of $4.64 billion, a PE ratio of 11.93 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The company had revenue of $246.40 million for the quarter, compared to analyst estimates of $240.46 million. During the same quarter last year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Sell-side analysts expect that Home Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

Insider Activity

In related news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian Davis sold 20,544 shares of the business’s 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 owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The disclosure for this sale can be found here. 7.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 189.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 677 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth approximately $31,000. Headlands Technologies LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $35,000. TFO Wealth Partners LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,629 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,310 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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.