Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Insider Kevin Hester Sells 7,128 Shares

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) insider Kevin Hester sold 7,128 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total value of $204,359.76. Following the sale, the insider now owns 124,912 shares of the company’s stock, valued at $3,581,227.04. This trade represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Home Bancshares, Inc. (Conway, AR) Trading Up 3.5%

NYSE HOMB opened at $29.60 on Tuesday. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.84 billion, a PE ratio of 14.65 and a beta of 0.79. The firm’s fifty day simple moving average is $27.52 and its 200-day simple moving average is $28.95.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. As a group, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, May 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 38.10%.

Wall Street Analysts Forecast Growth

HOMB has been the subject of a number of research analyst reports. Stephens restated an “overweight” rating and issued a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Royal Bank of Canada reduced their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a “sector perform” rating for the company in a report on Monday, April 21st. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Finally, Hovde Group reduced their target price 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Moderate Buy” and an average target price of $32.40.

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

Several hedge funds have recently bought and sold shares of HOMB. Norges Bank acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $60,169,000. Nuveen LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter worth $41,431,000. Boston Partners acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $27,825,000. Point72 Asset Management L.P. increased its position in Home Bancshares, Inc. (Conway, AR) by 1,545.1% during the fourth quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider’s stock worth $11,127,000 after buying an additional 369,271 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 18.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock worth $59,160,000 after buying an additional 324,664 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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.