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 Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the transaction, the director now owns 175,500 shares of the company’s stock, valued at $5,400,135. The trade was a 26.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Home Bancshares, Inc. (Conway, AR) Stock Performance

HOMB stock traded up $0.12 on Tuesday, hitting $30.74. The company’s stock had a trading volume of 828,488 shares, 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 company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 15.85 and a beta of 1.05. The firm has a 50 day moving average of $27.59 and a two-hundred day moving average of $26.06.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company 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 business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Equities analysts predict that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal 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 paid a $0.195 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.54%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stephens lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.25.

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

Several hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at approximately $31,000. UMB Bank n.a. boosted its stake in shares of 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 buying an additional 795 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 acquiring an additional 427 shares during the period. Blue Trust Inc. raised 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 worth $49,000 after acquiring an additional 528 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the second quarter valued at $75,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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.