Jennifer C. Floyd Sells 2,000 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Jennifer C. Floyd sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at $104,664.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Home Bancshares, Inc. (Conway, AR) Stock Down 4.4 %

NYSE:HOMB opened at $29.43 on Friday. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 15.17 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 52 week low of $20.45 and a 52 week high of $30.85. The stock’s fifty day moving average is $27.12 and its two-hundred day moving average is $25.72.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. Research analysts anticipate that Home Bancshares, Inc. will post 2.05 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday. Stephens upped their price objective 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. Piper Sandler upped their price objective 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.25.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

Several hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter worth about $31,000. UMB Bank n.a. lifted its position in Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares during the period. Blue Trust Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 41.6% in the third 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 period. Finally, Point72 DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the second quarter valued at about $75,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

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.