Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Short Interest Up 6.8% in June

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 4,740,000 shares, a growth of 6.8% from the May 31st total of 4,440,000 shares. Based on an average daily trading volume, of 892,500 shares, the days-to-cover ratio is presently 5.3 days.

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

Shares of HOMB stock opened at $23.70 on Thursday. 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 0.90 and a current ratio of 0.90. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 12.22 and a beta of 1.07. The stock’s 50-day simple moving average is $23.77 and its 200-day simple moving average is $23.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. Home Bancshares, Inc. (Conway, AR)’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. As a group, equities analysts forecast that Home Bancshares, Inc. will post 1.97 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

Analysts Set New Price Targets

A number of brokerages have commented on HOMB. Stephens boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Finally, StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Saturday, June 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.00.

View Our Latest Analysis on HOMB

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

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction dated 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 $24,530. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $54,498,000. International Assets Investment Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 2,433.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider’s stock worth $30,820,000 after buying an additional 1,168,716 shares during the last quarter. Wellington Management Group LLP lifted its stake in Home Bancshares, Inc. (Conway, AR) by 21.5% during the 4th quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after acquiring an additional 590,301 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock valued at $139,240,000 after acquiring an additional 432,091 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock worth $53,363,000 after acquiring an additional 203,566 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

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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