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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 3,900,000 shares, a drop of 10.6% from the September 15th total of 4,360,000 shares. Based on an average daily volume of 1,010,000 shares, the days-to-cover ratio is presently 3.9 days.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,398,372.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $26.89, for a total transaction of $413,863.99. Following the completion of the transaction, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,398,372.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin Hester sold 25,263 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now directly owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Amarillo National Bank boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 96.8% in the first quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock worth $2,498,000 after buying an additional 50,000 shares during the period. Cetera Advisors LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth approximately $543,000. Allspring Global Investments Holdings LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $4,738,000. Harbor Capital Advisors Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 24,052 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 72.9% in the first quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider’s stock valued at $2,440,000 after purchasing an additional 41,872 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

NYSE:HOMB traded down $0.28 during trading hours on Thursday, reaching $27.17. 360,256 shares of the company’s stock were exchanged, compared to its average volume of 963,966. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $5.44 billion, a P/E ratio of 14.05 and a beta of 1.05. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99. The business’s 50-day simple moving average is $26.86 and its two-hundred day simple moving average is $25.28.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The business’s 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 earnings per share. Sell-side analysts expect that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were given a $0.195 dividend. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, August 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.87%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Royal Bank of Canada lifted their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Stephens restated an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.25.

About Home Bancshares, Inc. (Conway, AR)

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.