Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Sells $57,228.49 in Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

Shares of NYSE:HOMB opened at $24.42 on Friday. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The stock has a market cap of $4.91 billion, a PE ratio of 12.59 and a beta of 1.11. The business’s fifty day moving average price is $23.66 and its two-hundred day moving average price is $23.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.90.

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, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $246.40 million for 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 business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. On average, analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current fiscal year.

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

The company also recently disclosed 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 dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stephens boosted 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Finally, Piper Sandler increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

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

A number of hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 189.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 677 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $35,000. TFO Wealth Partners LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,629 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 325.9% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,310 shares during the period. Finally, MCF Advisors LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $98,000. Institutional investors and hedge funds 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.