Insider Buying: Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CEO Buys $307,600.00 in Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CEO John W. Allison bought 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

HOMB stock opened at $30.03 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 14.87 and a beta of 1.10. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90. The firm has a 50 day moving average of $29.70 and a two-hundred day moving average of $28.06.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. As a group, equities analysts anticipate that Home Bancshares, Inc. will post 2.18 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 38.61%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HOMB. UMB Bank n.a. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after buying an additional 427 shares during the last quarter. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $40,000. Blue Trust Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after buying an additional 528 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth $76,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on HOMB shares. Piper Sandler raised their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens reiterated an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.