Home Bancshares (HOMB) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of Home Bancshares (NASDAQ:HOMB) from a hold rating to a sell rating in a research report released on Wednesday morning.

According to Zacks, “HOME BANCSHARES, INC. is a bank holding company, headquartered in Conway, Arkansas, with six wholly owned bank subsidiaries that provide a broad range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals and municipalities. Three of the bank subsidiaries are located in the central Arkansas market area, a fourth serves central and southern Arkansas, a fifth serves Stone County in north central Arkansas, and a sixth serves the Florida Keys and southwestern Florida. “

Several other research firms have also weighed in on HOMB. Piper Jaffray Companies set a $25.00 price objective on shares of Home Bancshares and gave the company a buy rating in a research report on Monday, November 26th. ValuEngine upgraded shares of Home Bancshares from a strong sell rating to a sell rating in a research report on Friday, February 8th. BidaskClub lowered shares of Home Bancshares from a sell rating to a strong sell rating in a research report on Thursday, December 13th. Barclays started coverage on shares of Home Bancshares in a research report on Monday, February 11th. They set an equal weight rating and a $21.00 price objective for the company. Finally, Stephens restated a buy rating and set a $22.00 price objective on shares of Home Bancshares in a research report on Wednesday, December 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $24.86.

NASDAQ:HOMB opened at $19.62 on Wednesday. Home Bancshares has a twelve month low of $15.35 and a twelve month high of $25.23. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 1.04. The stock has a market cap of $3.43 billion, a PE ratio of 11.21 and a beta of 1.17.

Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). Home Bancshares had a net margin of 38.11% and a return on equity of 13.21%. The business had revenue of $163.79 million for the quarter, compared to the consensus estimate of $171.60 million. During the same quarter last year, the business posted $0.35 EPS. Equities research analysts expect that Home Bancshares will post 1.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 13th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Tuesday, February 12th. Home Bancshares’s dividend payout ratio is presently 27.43%.

A number of hedge funds have recently bought and sold shares of HOMB. Toronto Dominion Bank purchased a new stake in Home Bancshares during the fourth quarter valued at about $33,000. JOYN Advisors Inc. lifted its stake in Home Bancshares by 882.1% during the fourth quarter. JOYN Advisors Inc. now owns 2,033 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,826 shares in the last quarter. Bessemer Group Inc. lifted its stake in Home Bancshares by 22.7% during the fourth quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock valued at $60,000 after buying an additional 675 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Home Bancshares by 1,589.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,049,649 shares of the financial services provider’s stock valued at $64,000 after buying an additional 987,531 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in Home Bancshares by 13.9% during the fourth quarter. Advisor Group Inc. now owns 8,956 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,096 shares in the last quarter. 66.16% 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, and money market accounts, as well as certificates of deposit.

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