Insider Selling: Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Sells 2,333 Shares of Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.4 %

HOMB traded down $0.10 during midday trading on Friday, reaching $24.42. The company’s stock had a trading volume of 684,999 shares, compared to its average volume of 994,037. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 12.63 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The stock’s 50-day moving average is $23.65 and its 200-day moving average is $23.23.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 earnings per share. As a group, research analysts expect that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 37.11%.

Analyst Upgrades and Downgrades

Several research analysts have commented on HOMB shares. Stephens raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Finally, Piper Sandler lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $54,498,000. International Assets Investment Management LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 2,433.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider’s stock valued at $30,820,000 after purchasing an additional 1,168,716 shares during the last quarter. Clearbridge Investments LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at $18,429,000. Wellington Management Group LLP lifted its position in Home Bancshares, Inc. (Conway, AR) by 21.5% during the fourth quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after purchasing an additional 590,301 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock worth $139,240,000 after acquiring an additional 432,091 shares during the last quarter. Institutional investors 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.