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

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

Other research analysts also recently issued research reports about the stock. Stephens increased their price target 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, Piper Sandler raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.25.

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

Shares of NYSE:HOMB opened at $26.87 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 12 month low of $19.87 and a 12 month high of $28.99. The company has a 50-day moving average price of $26.98 and a 200 day moving average price of $25.42. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 13.85 and a beta of 1.05.

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

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

A number of institutional investors have recently modified their holdings of HOMB. International Assets Investment Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after acquiring an additional 1,253,259 shares during the period. Dimensional Fund Advisors LP increased its holdings in Home Bancshares, Inc. (Conway, AR) by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after buying an additional 490,718 shares during the period. AQR Capital Management LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 465.2% during the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after buying an additional 264,627 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter valued at approximately $4,738,000. Finally, Creative Planning increased its holdings in Home Bancshares, Inc. (Conway, AR) by 38.2% during the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after buying an additional 166,324 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Company Profile

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.