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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.5 %

NYSE:HOMB opened at $29.84 on Friday. Home Bancshares, Inc. has a one year low of $20.45 and a one year high of $30.85. The business has a fifty day moving average price of $27.16 and a 200-day moving average price of $25.77. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 15.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.90.

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

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after purchasing an additional 1,253,259 shares during the period. Dimensional Fund Advisors LP increased its stake in Home Bancshares, Inc. (Conway, AR) by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after buying an additional 490,718 shares in the last quarter. AQR Capital Management LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 465.2% during the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after acquiring an additional 264,627 shares during the period. Creative Planning lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% in the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after acquiring an additional 166,324 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 48.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 286,618 shares of the financial services provider’s stock worth $6,867,000 after acquiring an additional 93,766 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

HOMB has been the topic of several research analyst reports. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday. Piper Sandler increased 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 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, 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 research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and a consensus target price 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.