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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was the target 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 days-to-cover ratio is presently 4.2 days.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Stephens increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Piper Sandler increased their price objective 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. One research analyst has rated the stock with a sell rating, two have given 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 Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO John W. Allison purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief executive officer now owns 5,509,982 shares in the company, valued at $125,296,990.68. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The disclosure for this sale can be found here. Insiders sold 45,606 shares of company stock valued at $1,101,008 over the last quarter. 7.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System boosted 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 buying an additional 526 shares during the period. Mackenzie Financial Corp boosted its position 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 worth $243,000 after buying an additional 582 shares during the period. Horrell Capital Management Inc. boosted its position 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 worth $2,889,000 after buying an additional 588 shares during the period. Quadrant Capital Group LLC boosted its position 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 worth $26,000 after buying an additional 677 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position 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 worth $134,000 after buying an additional 702 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $24.03 on Thursday. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 12.39 and a beta of 1.09. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $25.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.90. The stock has a 50 day moving average of $23.69 and a 200 day moving average of $23.32.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. The company had revenue of $246.40 million during the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, 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 company also recently declared 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 3.00%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

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.