Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Short Interest Update

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 4,240,000 shares, an increase of 6.0% from the February 29th total of 4,000,000 shares. Based on an average trading volume of 986,500 shares, the short-interest ratio is currently 4.3 days.

Wall Street Analyst Weigh In

A number of brokerages have commented on HOMB. 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 report on Friday, January 19th. Piper Sandler upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. One equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.00.

View Our Latest Report on HOMB

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 20,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief executive officer now owns 5,509,982 shares in the company, valued at $125,296,990.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Allison acquired 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the purchase, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The disclosure for this purchase can be found here. Corporate insiders own 7.66% of the company’s stock.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 0.7% in the 1st quarter. BlackRock Inc. now owns 22,957,572 shares of the financial services provider’s stock valued at $498,409,000 after buying an additional 154,993 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 20,900,440 shares of the financial services provider’s stock valued at $470,469,000 after acquiring an additional 252,844 shares during the period. State Street Corp grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 6.3% during the 3rd quarter. State Street Corp now owns 8,794,022 shares of the financial services provider’s stock valued at $197,953,000 after acquiring an additional 521,232 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 8.5% during 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 period. Finally, Geode Capital Management LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.3% during the 1st quarter. Geode Capital Management LLC now owns 3,626,130 shares of the financial services provider’s stock valued at $78,723,000 after acquiring an additional 150,416 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.6 %

HOMB opened at $23.62 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.89 and a quick ratio of 0.89. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $25.80. The firm has a market capitalization of $4.75 billion, a PE ratio of 12.11 and a beta of 1.11. The company’s 50-day moving average is $23.67 and its 200 day moving average is $22.96.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.21% and a return on equity of 10.91%. The company had revenue of $245.62 million for the quarter, compared to analyst estimates of $238.50 million. As a group, research analysts predict that Home Bancshares, Inc. will post 1.88 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 14th were issued a $0.18 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.05%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 36.92%.

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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