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

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

A number of other research analysts also recently commented on HOMB. Stephens reiterated an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group dropped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 6.5 %

NYSE HOMB opened at $26.67 on Thursday. The firm has a 50 day simple moving average of $28.74 and a 200-day simple moving average of $28.83. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 13.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison acquired 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $28,000. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $40,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock worth $46,000 after buying an additional 530 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $53,000. Finally, UMB Bank n.a. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after buying an additional 777 shares during the period. Hedge funds and other institutional investors 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.