Home Bancshares (NASDAQ:HOMB) Downgraded by BidaskClub

BidaskClub downgraded shares of Home Bancshares (NASDAQ:HOMB) from a buy rating to a hold rating in a research note published on Saturday morning, BidAskClub reports.

Several other equities research analysts have also issued reports on the company. Stephens set a $22.00 target price on Home Bancshares and gave the company a buy rating in a research report on Monday, April 22nd. Piper Jaffray Companies set a $22.00 target price on Home Bancshares and gave the company a buy rating in a research report on Friday, July 19th. Zacks Investment Research raised Home Bancshares from a sell rating to a hold rating in a research report on Friday, July 12th. ValuEngine raised Home Bancshares from a strong sell rating to a sell rating in a research report on Friday, April 19th. Finally, TheStreet raised Home Bancshares from a c+ rating to a b- rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Home Bancshares currently has a consensus rating of Hold and an average price target of $23.40.

Shares of Home Bancshares stock opened at $18.06 on Friday. Home Bancshares has a 1 year low of $15.35 and a 1 year high of $24.56. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 10.32 and a beta of 1.16. The company’s fifty day simple moving average is $19.22. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 0.52.

Home Bancshares (NASDAQ:HOMB) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Home Bancshares had a return on equity of 12.64% and a net margin of 36.19%. The firm had revenue of $164.05 million during the quarter, compared to analyst estimates of $166.83 million. During the same period last year, the firm posted $0.44 EPS. As a group, equities analysts forecast that Home Bancshares will post 1.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, August 13th. Home Bancshares’s dividend payout ratio (DPR) is currently 29.71%.

In related news, Director Jim Rankin sold 30,219 shares of Home Bancshares stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $19.50, for a total value of $589,270.50. Following the completion of the sale, the director now owns 198,787 shares of the company’s stock, valued at approximately $3,876,346.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Russell Davis Carter III sold 3,333 shares of Home Bancshares stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $18.20, for a total value of $60,660.60. Following the completion of the sale, the insider now directly owns 16,259 shares of the company’s stock, valued at approximately $295,913.80. The disclosure for this sale can be found here. In the last three months, insiders sold 43,552 shares of company stock valued at $843,131. 8.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in HOMB. Horrell Capital Management Inc. boosted its stake in Home Bancshares by 0.4% in the 1st quarter. Horrell Capital Management Inc. now owns 124,668 shares of the financial services provider’s stock worth $2,190,000 after purchasing an additional 552 shares during the period. Arizona State Retirement System boosted its stake in Home Bancshares by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 112,176 shares of the financial services provider’s stock worth $2,161,000 after purchasing an additional 732 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Home Bancshares by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 65,125 shares of the financial services provider’s stock worth $1,254,000 after purchasing an additional 887 shares during the period. Advisor Group Inc. boosted its stake in Home Bancshares by 13.9% in the 4th quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 1,096 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Home Bancshares by 5.1% in the 1st quarter. State of Alaska Department of Revenue now owns 23,167 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 1,119 shares during the period. 65.98% of the stock is owned by institutional investors.

About Home Bancshares

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, NOW, demand, and money market accounts, as well as certificates of deposit.

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