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

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

A number of other equities analysts have also recently commented on HOMB. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Stephens increased their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Piper Sandler raised their target price on 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.25.

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

NYSE HOMB opened at $27.67 on Thursday. The stock’s fifty day moving average is $27.02 and its two-hundred day moving average is $25.51. The firm has a market capitalization of $5.54 billion, a P/E ratio of 14.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. Home Bancshares, Inc. has a fifty-two week low of $19.92 and a fifty-two week high of $28.99.

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 the consensus estimate 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 analyst estimates of $258.90 million. During the same period last year, the company earned $0.47 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts anticipate that Home Bancshares, Inc. will post 2.06 earnings per share for the current year.

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

Several hedge funds have recently made changes to their positions in HOMB. UMB Bank n.a. raised its holdings in 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 purchasing an additional 795 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth approximately $31,000. GAMMA Investing LLC boosted its position in 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 acquiring an additional 427 shares during the last quarter. Blue Trust Inc. boosted its position in 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 acquiring an additional 528 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the second quarter worth approximately $75,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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.