Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Jennifer C. Floyd Sells 2,000 Shares of Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the completion of the sale, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

Shares of NYSE HOMB opened at $29.43 on Friday. The company has a 50 day simple moving average of $27.12 and a two-hundred day simple moving average of $25.72. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of 15.17 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 12 month low of $20.45 and a 12 month high of $30.85.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, analysts predict that Home Bancshares, Inc. will post 2.05 earnings per share 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, December 4th. Stockholders 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 dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Analysts Set New Price Targets

Several research firms have issued reports on HOMB. Stephens boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday. Piper Sandler boosted 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 note on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and an average price target of $28.25.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. LMR Partners LLP purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $493,000. Thrivent Financial for Lutherans increased its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after buying an additional 481 shares in the last quarter. Natixis Advisors LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 4.6% during the 3rd quarter. Natixis Advisors LLC now owns 160,438 shares of the financial services provider’s stock worth $4,347,000 after buying an additional 7,079 shares in the last quarter. Victory Capital Management Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 277,485 shares of the financial services provider’s stock worth $7,517,000 after buying an additional 14,305 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 25.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 187,437 shares of the financial services provider’s stock worth $5,078,000 after buying an additional 37,549 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

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.