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

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

A number of other research firms have also recently issued reports on HOMB. Piper Sandler increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Royal Bank of Canada increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Finally, Stephens restated an “overweight” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and a consensus target price of $28.25.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $26.69 on Thursday. The stock’s 50 day moving average is $26.89 and its 200 day moving average is $25.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $5.35 billion, a P/E ratio of 13.76 and a beta of 1.05. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. As a group, research analysts expect that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth $187,000. Inspire Investing LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 529 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 795 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 427 shares in the last quarter. 67.31% of the stock is currently owned by 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.