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 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 directly owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Home Bancshares, Inc. (Conway, AR) Trading Down 4.4 %

NYSE HOMB opened at $29.43 on Friday. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 15.17 and a beta of 1.05. Home Bancshares, Inc. has a twelve month low of $20.45 and a twelve month high of $30.85. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average is $27.12 and its 200 day moving average is $25.72.

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). The company had revenue of $258.00 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. As a group, sell-side analysts expect that Home Bancshares, Inc. will post 2.05 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, December 4th. Stockholders of record on Wednesday, November 13th will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Analyst Upgrades and Downgrades

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

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

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after purchasing an additional 1,253,259 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Home Bancshares, Inc. (Conway, AR) by 8.1% during 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 lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% in the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after buying an additional 264,627 shares in the last quarter. Creative Planning lifted its position in 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 acquiring an additional 166,324 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 48.6% during 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 during the last quarter. 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.