Short Interest in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Increases By 6.6%

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 4,360,000 shares, a growth of 6.6% from the December 31st total of 4,090,000 shares. Based on an average daily volume of 986,300 shares, the days-to-cover ratio is currently 4.4 days.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.3 %

Shares of NYSE:HOMB traded up $0.40 during midday trading on Tuesday, reaching $30.32. The company’s stock had a trading volume of 109,786 shares, compared to its average volume of 1,204,482. The business has a 50 day moving average price of $29.65 and a 200 day moving average price of $28.27. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 15.02 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. During the same period last year, the firm posted $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% on a year-over-year basis. Research analysts forecast that Home Bancshares, Inc. will post 2.18 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, March 5th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Wall Street Analysts Forecast Growth

HOMB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Hovde Group cut their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Stephens reissued an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the sale, the director now directly owns 199,195 shares of the company’s stock, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This represents a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 795 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 427 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $40,000. Blue Trust Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 528 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $60,000. Institutional investors and hedge funds 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.