Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Director Sells $753,000.00 in Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the completion of the transaction, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

NYSE HOMB traded down $1.36 on Thursday, hitting $29.41. 1,273,146 shares of the company’s stock traded hands, compared to its average volume of 976,539. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $27.09 and its two-hundred day moving average price is $25.70. Home Bancshares, Inc. has a 1-year low of $20.45 and a 1-year high of $30.85. The firm has a market capitalization of $5.85 billion, a PE ratio of 15.47 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 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 business had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. During the same quarter last year, the business earned $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% on a year-over-year basis. As a group, analysts expect that Home Bancshares, Inc. will post 2.05 EPS for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. Copeland Capital Management LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock worth $87,789,000 after purchasing an additional 28,604 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock valued at $51,919,000 after purchasing an additional 11,499 shares during the period. International Assets Investment Management LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after purchasing an additional 1,253,259 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.4% in the second quarter. Bahl & Gaynor Inc. now owns 929,038 shares of the financial services provider’s stock valued at $22,260,000 after buying an additional 4,065 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HOMB. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday. Stephens increased their price objective on shares of 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. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Piper Sandler increased 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.