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 company’s stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 199,195 shares in the company, valued at approximately $5,999,753.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $29.84 on Friday. 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 1-year low of $20.45 and a 1-year high of $30.85. The firm has a market capitalization of $5.93 billion, a PE ratio of 15.38 and a beta of 1.05. The firm’s 50 day simple moving average is $27.16 and its 200 day simple moving average is $25.77.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly 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 return on equity of 10.33% and a net margin of 26.69%. The company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $258.90 million. During the same period in the prior year, the firm earned $0.47 EPS. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a $0.195 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.61%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

Analyst Ratings Changes

HOMB has been the subject of a number of recent research reports. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday. Stephens raised their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.25.

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

A number of institutional investors have recently made changes to their positions in HOMB. International Assets Investment Management LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the 3rd 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% in the 2nd 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. AQR Capital Management LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% in the 2nd quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after purchasing an additional 264,627 shares in the last quarter. Creative Planning boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% in the 2nd quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after purchasing an additional 166,324 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 48.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 286,618 shares of the financial services provider’s stock valued at $6,867,000 after purchasing an additional 93,766 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.