Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Director Sells $540,041.04 in Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the sale, the director now directly owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

HOMB opened at $23.39 on Monday. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 11.99 and a beta of 1.10. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $23.67 and a 200 day moving average price of $22.85.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $245.62 million during the quarter, compared to analysts’ expectations of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. Analysts forecast that Home Bancshares, Inc. will post 1.88 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were given a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.08%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 36.92%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in HOMB. Quadrant Capital Group LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% in 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 last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth about $31,000. Headlands Technologies LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $35,000. Ronald Blue Trust Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 84.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock worth $38,000 after buying an additional 771 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its position in shares of 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 worth $42,000 after buying an additional 1,629 shares during the last quarter. Institutional investors and hedge funds own 64.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HOMB. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, January 19th. Piper Sandler raised their target price 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. Finally, Citigroup began coverage on Home Bancshares, Inc. (Conway, AR) in a research report on Friday, December 1st. They issued a “neutral” rating and a $23.00 target price for the company. One equities 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.00.

Read Our Latest Stock Report on Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc. (Conway, AR) Company Profile

(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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