Short Interest in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Expands By 6.6%

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 4,360,000 shares, an increase of 6.6% from the December 31st total of 4,090,000 shares. Based on an average daily trading volume, of 986,300 shares, the days-to-cover ratio is presently 4.4 days.

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

Shares of HOMB traded up $0.35 during trading hours on Tuesday, reaching $30.27. 132,776 shares of the stock traded hands, compared to its average volume of 1,206,389. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company has a market cap of $6.02 billion, a P/E ratio of 14.98 and a beta of 1.10. The company’s 50-day moving average price is $29.65 and its two-hundred day moving average price is $28.27.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. On average, analysts anticipate that Home Bancshares, Inc. will post 2.18 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.58%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Analysts Set New Price Targets

HOMB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Hovde Group lowered their target price on shares of 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. Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Piper Sandler boosted their price objective on 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Get Our Latest Analysis on HOMB

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

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is owned by insiders.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. raised its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares during the last quarter. GAMMA Investing LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $40,000. Blue Trust Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $60,000. 67.31% of the stock is currently owned by institutional investors.

About Home Bancshares, Inc. (Conway, AR)

(Get Free Report)

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.

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