John Allison Purchases 100,000 Shares of Home BancShares (NYSE:HOMB) Stock

Home BancShares, Inc. (NYSE:HOMB) CEO John Allison purchased 100,000 shares of the company’s stock in a transaction on Friday, April 17th. The stock was bought at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the completion of the purchase, the chief executive officer directly owned 5,798,926 shares of the company’s stock, valued at $156,339,044.96. The trade was a 1.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Home BancShares Stock Up 1.0%

Home BancShares stock traded up $0.26 during mid-day trading on Monday, hitting $27.15. The company had a trading volume of 1,336,152 shares, compared to its average volume of 1,420,287. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 11.20 and a beta of 0.75. Home BancShares, Inc. has a 1 year low of $25.67 and a 1 year high of $30.83. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $27.68 and a 200 day moving average of $27.92.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $266.71 million for the quarter, compared to analyst estimates of $274.06 million. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, sell-side analysts expect that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, February 11th. Home BancShares’s dividend payout ratio (DPR) is 34.57%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stephens dropped their price objective on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday. Piper Sandler set a $33.00 target price on Home BancShares and gave the stock an “overweight” rating in a report on Friday. Zacks Research cut Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods decreased their price target on Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Home BancShares presently has an average rating of “Hold” and a consensus price target of $31.40.

Institutional Investors Weigh In On Home BancShares

Several institutional investors and hedge funds have recently made changes to their positions in HOMB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Home BancShares by 3.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,497 shares of the financial services provider’s stock valued at $12,453,000 after acquiring an additional 15,259 shares in the last quarter. Jane Street Group LLC raised its position in shares of Home BancShares by 82.7% during the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after acquiring an additional 125,301 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Home BancShares by 13.2% during the 2nd quarter. Baird Financial Group Inc. now owns 21,500 shares of the financial services provider’s stock valued at $612,000 after acquiring an additional 2,500 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Home BancShares during the 2nd quarter valued at approximately $1,015,000. Finally, Jump Financial LLC acquired a new stake in shares of Home BancShares during the 2nd quarter valued at approximately $230,000. 67.31% of the stock is owned by institutional investors and hedge funds.

About Home BancShares

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.