Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Short Interest Update

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 4,160,000 shares, a decrease of 5.5% from the March 31st total of 4,400,000 shares. Based on an average trading volume of 995,600 shares, the short-interest ratio is currently 4.2 days.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Davis sold 20,544 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,606 shares of company stock valued at $1,101,008. Insiders own 7.66% of the company’s stock.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Several institutional investors and hedge funds have recently added to or reduced their stakes in HOMB. SG Americas Securities LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 7.1% during the 3rd quarter. SG Americas Securities LLC now owns 43,423 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 2,874 shares during the period. Tectonic Advisors LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd quarter. Tectonic Advisors LLC now owns 44,830 shares of the financial services provider’s stock valued at $939,000 after purchasing an additional 3,009 shares during the period. Godsey & Gibb Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at approximately $164,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Home Bancshares, Inc. (Conway, AR) by 18.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,408 shares of the financial services provider’s stock valued at $825,000 after buying an additional 6,070 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Home Bancshares, Inc. (Conway, AR) by 5.2% during the 3rd quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock valued at $243,000 after buying an additional 582 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.5 %

NYSE HOMB opened at $24.03 on Thursday. The stock’s 50-day moving average price is $23.69 and its 200-day moving average price is $23.32. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The company has a market capitalization of $4.83 billion, a P/E ratio of 12.39 and a beta of 1.09.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The firm had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same quarter last year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities research analysts predict that Home Bancshares, Inc. will post 1.93 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 37.11%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HOMB shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Piper Sandler raised their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Finally, Stephens raised their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.00.

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.