Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Lifted to Hold at StockNews.com

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

Several other research analysts have also commented on the company. Piper Sandler lifted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, Stephens boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.0 %

Shares of HOMB opened at $26.87 on Friday. Home Bancshares, Inc. has a 52-week low of $19.87 and a 52-week high of $28.99. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average is $26.98 and its two-hundred day moving average is $25.44. The stock has a market cap of $5.38 billion, a PE ratio of 13.85 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. During the same period last year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts forecast that Home Bancshares, Inc. will post 2.06 earnings per share for the current fiscal year.

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

The firm 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. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.90%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after buying an additional 427 shares in the last quarter. Blue Trust Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after buying an additional 528 shares in the last quarter. Inspire Investing LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% during the third quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock worth $413,000 after buying an additional 529 shares in the last quarter. Bank of Montreal Can grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.0% during the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock worth $438,000 after buying an additional 701 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after buying an additional 795 shares in the last quarter. 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.