Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Upgraded at StockNews.com

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

A number of other research analysts have also recently issued reports on the stock. Hovde Group dropped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Stephens reissued an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.6 %

Shares of NYSE:HOMB traded up $0.42 on Friday, reaching $26.40. The company had a trading volume of 1,667,044 shares, compared to its average volume of 1,024,432. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.24 billion, a PE ratio of 13.07 and a beta of 0.93. Home Bancshares, Inc. has a 52-week low of $22.42 and a 52-week high of $32.91. The firm’s 50 day simple moving average is $28.15 and its 200-day simple moving average is $28.77.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. As a group, analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HOMB. Vanguard Group Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider’s stock worth $574,263,000 after buying an additional 121,845 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Home Bancshares, Inc. (Conway, AR) by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider’s stock valued at $192,211,000 after acquiring an additional 124,891 shares in the last quarter. Copeland Capital Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the fourth quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider’s stock valued at $92,256,000 after purchasing an additional 19,290 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock valued at $61,322,000 after purchasing an additional 120,691 shares during the period. Finally, Norges Bank bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $60,169,000. 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.