Insider Selling: Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Insider Sells 25,263 Shares of Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) insider Kevin Hester sold 25,263 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now owns 114,912 shares of the company’s stock, valued at $3,102,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

NYSE HOMB opened at $27.71 on Thursday. The stock’s fifty day moving average is $24.11 and its two-hundred day moving average is $23.94. The firm has a market capitalization of $5.55 billion, a P/E ratio of 14.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $28.45.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, research analysts anticipate that Home Bancshares, Inc. will post 2.05 earnings per share for the current year.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOMB. Raymond James & Associates boosted its stake in Home Bancshares, Inc. (Conway, AR) by 7.9% during the fourth quarter. Raymond James & Associates now owns 110,198 shares of the financial services provider’s stock worth $2,791,000 after buying an additional 8,110 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 78.6% in the 4th quarter. Pacer Advisors Inc. now owns 28,209 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 12,418 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 4.5% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 736,832 shares of the financial services provider’s stock valued at $18,664,000 after purchasing an additional 31,790 shares during the last quarter. Fenimore Asset Management Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.1% in the 4th quarter. Fenimore Asset Management Inc. now owns 509,956 shares of the financial services provider’s stock valued at $12,917,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Trust Point Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $249,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

HOMB has been the subject of several research reports. Stephens reiterated an “overweight” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Piper Sandler boosted their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.25.

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.