Jennifer Floyd Sells 3,000 Shares of Home BancShares (NYSE:HOMB) Stock

Home BancShares, Inc. (NYSE:HOMB) CAO Jennifer Floyd sold 3,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total value of $81,330.00. Following the sale, the chief accounting officer owned 4,635 shares in the company, valued at $125,654.85. The trade was a 39.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Home BancShares Price Performance

Shares of HOMB stock opened at $26.81 on Friday. Home BancShares, Inc. has a fifty-two week low of $25.67 and a fifty-two week high of $30.83. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 11.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 0.92. The stock’s 50-day simple moving average is $27.44 and its 200-day simple moving average is $27.89.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The business had revenue of $266.71 million for the quarter, compared to analyst estimates of $274.06 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Home BancShares, Inc. will post 2.48 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 13th. Home BancShares’s dividend payout ratio (DPR) is 34.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. MQS Management LLC grew its holdings in shares of Home BancShares by 215.3% in the first quarter. MQS Management LLC now owns 29,587 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 20,202 shares in the last quarter. Inspire Investing LLC lifted its stake in Home BancShares by 13.1% during the first quarter. Inspire Investing LLC now owns 19,023 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 2,204 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Home BancShares by 52.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,064,495 shares of the financial services provider’s stock worth $28,667,000 after purchasing an additional 365,440 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Home BancShares by 6.0% during the first quarter. Pictet Asset Management Holding SA now owns 31,569 shares of the financial services provider’s stock worth $850,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Home BancShares during the first quarter worth about $1,427,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HOMB shares. Royal Bank Of Canada set a $31.00 price objective on shares of Home BancShares in a research note on Monday, January 12th. Piper Sandler set a $33.00 price target on shares of Home BancShares and gave the stock an “overweight” rating in a research report on Friday, April 17th. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

About Home BancShares

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.