Home BancShares (NYSE:HOMB) Director Sells $140,950.00 in Stock

Home BancShares, Inc. (NYSE:HOMB) Director John Allison II sold 5,000 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the completion of the transaction, the director owned 651,995 shares in the company, valued at approximately $18,379,739.05. The trade was a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Home BancShares Stock Performance

HOMB traded down $0.13 during trading on Tuesday, hitting $28.16. 228,848 shares of the stock were exchanged, compared to its average volume of 1,298,567. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $30.83. The stock has a fifty day moving average price of $28.85 and a two-hundred day moving average price of $28.45. The firm has a market capitalization of $5.53 billion, a P/E ratio of 11.67 and a beta of 0.80.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $282.09 million during the quarter, compared to the consensus estimate of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. Home BancShares’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, sell-side analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.84 annualized dividend and a dividend yield of 3.0%. Home BancShares’s dividend payout ratio (DPR) is 34.85%.

Institutional Investors Weigh In On Home BancShares

A number of hedge funds have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC lifted its holdings in Home BancShares by 92.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 216,728 shares of the financial services provider’s stock worth $6,133,000 after buying an additional 104,212 shares in the last quarter. Vest Financial LLC lifted its position in Home BancShares by 82.9% during the 3rd quarter. Vest Financial LLC now owns 134,033 shares of the financial services provider’s stock valued at $3,793,000 after purchasing an additional 60,753 shares during the period. American Century Companies Inc. boosted its stake in shares of Home BancShares by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock valued at $138,772,000 after purchasing an additional 626,655 shares during the last quarter. Y Intercept Hong Kong Ltd grew its position in shares of Home BancShares by 490.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 77,379 shares of the financial services provider’s stock worth $2,190,000 after buying an additional 64,269 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Home BancShares during the 2nd quarter worth about $5,825,000. Institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HOMB shares. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a research note on Monday, January 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Zacks Research raised Home BancShares from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $35.00 price target (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.60.

About Home BancShares

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.