Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) from a sell rating to a hold rating in a research report released on Wednesday.

HOMB has been the subject of a number of other research reports. Piper Sandler lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Royal Bank of Canada reaffirmed 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 increased their target price on 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.5 %

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $0.43 on Wednesday, reaching $29.84. The company’s stock had a trading volume of 1,157,497 shares, compared to its average volume of 1,071,125. Home Bancshares, Inc. has a 52 week low of $20.45 and a 52 week high of $30.85. The firm’s fifty day simple moving average is $27.16 and its two-hundred day simple moving average is $25.76. 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 company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 15.38 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. Equities analysts anticipate that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.61%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Insiders Place Their Bets

In other news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now directly owns 199,195 shares of the company’s stock, valued at $5,999,753.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now owns 199,195 shares in the company, valued at approximately $5,999,753.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at $104,664.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

Institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 236.7% during the third quarter. Intech Investment Management LLC now owns 34,160 shares of the financial services provider’s stock valued at $925,000 after acquiring an additional 24,014 shares in the last quarter. LMR Partners LLP bought a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at $493,000. Thrivent Financial for Lutherans grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after buying an additional 481 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 4.6% in the 3rd quarter. Natixis Advisors LLC now owns 160,438 shares of the financial services provider’s stock worth $4,347,000 after buying an additional 7,079 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 277,485 shares of the financial services provider’s stock valued at $7,517,000 after acquiring an additional 14,305 shares during the last quarter. 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.