Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Sees Significant Increase in Short Interest

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 4,740,000 shares, an increase of 6.8% from the May 31st total of 4,440,000 shares. Based on an average daily volume of 892,500 shares, the days-to-cover ratio is currently 5.3 days.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian Davis sold 20,544 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,186,987.84. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

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

A number of large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 189.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after buying an additional 677 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at approximately $31,000. Headlands Technologies LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $35,000. TFO Wealth Partners LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,629 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 325.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,310 shares during the period. Institutional investors own 67.31% of the company’s stock.

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

HOMB stock traded up $0.35 during mid-day trading on Tuesday, reaching $24.06. 668,020 shares of the company’s stock were exchanged, compared to its average volume of 952,430. The stock’s 50 day moving average is $23.80 and its 200 day moving average is $23.89. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 12.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same quarter last year, the firm earned $0.54 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. On average, research analysts expect that Home Bancshares, Inc. will post 1.97 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HOMB. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Saturday, June 22nd. Finally, Stephens increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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.