Short Interest in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Expands By 6.2%

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 4,140,000 shares, a growth of 6.2% from the September 30th total of 3,900,000 shares. Based on an average daily volume of 927,300 shares, the days-to-cover ratio is currently 4.5 days.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.1 %

Shares of HOMB stock traded down $0.03 on Friday, reaching $27.26. 198,269 shares of the company’s stock were exchanged, compared to its average volume of 967,045. Home Bancshares, Inc. has a 52 week low of $20.45 and a 52 week high of $28.99. The company’s fifty day simple moving average is $27.05 and its 200 day simple moving average is $25.54. The stock has a market capitalization of $5.44 billion, a PE ratio of 14.06 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. 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 prior year, the business posted $0.47 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that Home Bancshares, Inc. will post 2.05 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.86%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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

A number of institutional investors have recently made changes to their positions in HOMB. International Assets Investment Management LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after purchasing an additional 1,253,259 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after purchasing an additional 490,718 shares during the period. AQR Capital Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% in 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 purchasing an additional 264,627 shares during the period. Creative Planning increased its holdings 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 purchasing an additional 166,324 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings 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 valued at $6,867,000 after purchasing an additional 93,766 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stephens increased their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Piper Sandler increased their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently 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.