Kevin Hester Sells 7,128 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) insider Kevin Hester sold 7,128 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of the transaction, the insider now owns 124,912 shares of the company’s stock, valued at $3,581,227.04. This trade represents a 5.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.2%

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $29.26 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 52-week low of $22.42 and a 52-week high of $32.91. The company has a market capitalization of $5.78 billion, a P/E ratio of 14.49 and a beta of 0.79. The company has a 50 day moving average of $27.54 and a 200 day moving average of $28.96.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. As a group, research analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 38.10%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank of Canada decreased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Monday, April 21st. Hovde Group decreased their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Stephens reissued an “overweight” rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Moderate Buy” and an average target price of $32.40.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $28,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the first quarter worth approximately $39,000. Trust Co. of Vermont purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $40,000. Nomura Asset Management Co. Ltd. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 530 shares in the last quarter. Finally, Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $53,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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.