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

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Piper Sandler boosted their price target 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 increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus price target of $26.00.

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

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John W. Allison acquired 20,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now owns 5,509,982 shares in the company, valued at $125,296,990.68. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 45,606 shares of company stock valued at $1,101,008. Insiders own 7.66% of the company’s stock.

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

Hedge funds have recently made changes to their positions in the business. Arizona State Retirement System raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.0% during the third quarter. Arizona State Retirement System now owns 54,856 shares of the financial services provider’s stock worth $1,149,000 after purchasing an additional 526 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.2% during the third quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 582 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock valued at $2,889,000 after purchasing an additional 588 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 677 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

NYSE:HOMB traded down $0.24 during midday trading on Tuesday, hitting $23.86. 298,149 shares of the stock were exchanged, compared to its average volume of 981,462. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 12.30 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The business has a 50-day moving average price of $23.67 and a two-hundred day moving average price of $23.30.

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 analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. Sell-side analysts predict that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.02%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 37.11%.

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.