Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Jennifer C. Floyd Sells 2,333 Shares of Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

NYSE HOMB opened at $24.42 on Friday. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80. The firm’s fifty day simple moving average is $23.66 and its two-hundred day simple moving average is $23.25. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.91 billion, a P/E ratio of 12.59 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

A number of institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System grew its holdings in Home Bancshares, Inc. (Conway, AR) by 0.7% during the first quarter. New York State Teachers Retirement System now owns 148,629 shares of the financial services provider’s stock worth $3,652,000 after acquiring an additional 1,100 shares during the period. Horrell Capital Management Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock worth $2,889,000 after purchasing an additional 588 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 53,900 shares of the financial services provider’s stock valued at $1,324,000 after purchasing an additional 1,200 shares in the last quarter. Amarillo National Bank lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 96.8% in the 1st quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock valued at $2,498,000 after purchasing an additional 50,000 shares during the period. Finally, State of Michigan Retirement System lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock valued at $1,131,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HOMB shares. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Piper Sandler boosted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Finally, Stephens increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and an average target price of $26.00.

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.