Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CEO John W. Allison Acquires 10,000 Shares

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CEO John W. Allison bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired 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 in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.7 %

HOMB traded down $0.21 on Wednesday, reaching $29.88. The company’s stock had a trading volume of 1,960,093 shares, compared to its average volume of 1,298,576. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 14.79 and a beta of 1.10. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $29.73 and a two-hundred day moving average of $28.00.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. During the same period last year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, analysts forecast that Home Bancshares, Inc. will post 2.17 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 38.61%.

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

A number of large investors have recently made changes to their positions in HOMB. UMB Bank n.a. grew its position in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 795 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after buying an additional 427 shares during the period. Trust Co. of Vermont purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $40,000. Blue Trust Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 528 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at approximately $75,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on HOMB. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Piper Sandler lifted 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. Stephens reissued an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.00.

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.