Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Director Sells $1,969,187.69 in Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now owns 175,500 shares in the company, valued at approximately $5,400,135. This represents a 26.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.4 %

Shares of HOMB traded up $0.12 on Tuesday, hitting $30.74. 828,488 shares of the stock traded hands, compared to its average volume of 984,838. Home Bancshares, Inc. has a 1 year low of $21.70 and a 1 year high of $31.33. The stock’s 50 day moving average is $27.59 and its two-hundred day moving average is $26.06. The firm has a market capitalization of $6.11 billion, a P/E ratio of 15.85 and a beta of 1.05. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

Home Bancshares, Inc. (Conway, AR) Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth about $31,000. UMB Bank n.a. increased its position 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 during the last quarter. GAMMA Investing LLC raised its stake 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 purchasing an additional 427 shares during the period. Blue Trust Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 528 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 2nd quarter valued at $75,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HOMB. Piper Sandler upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Stephens upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $28.25.

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.