Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CFO Brian Davis Sells 20,544 Shares

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) 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 transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

NYSE HOMB opened at $24.52 on Friday. The company has a 50-day simple moving average of $23.65 and a two-hundred day simple moving average of $23.23. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 12.64 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business had revenue of $246.40 million during the quarter, compared to analyst estimates of $240.46 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HOMB shares. Piper Sandler upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Stephens increased their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.00.

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

Several institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its position in Home Bancshares, Inc. (Conway, AR) by 0.7% during the first quarter. New York State Teachers Retirement System now owns 148,629 shares of the financial services provider’s stock valued at $3,652,000 after buying an additional 1,100 shares during the period. Horrell Capital Management Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the first quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock worth $2,889,000 after purchasing an additional 588 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.3% during the first quarter. Louisiana State Employees Retirement System now owns 53,900 shares of the financial services provider’s stock worth $1,324,000 after purchasing an additional 1,200 shares during the period. Amarillo National Bank boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 96.8% during the first quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock worth $2,498,000 after purchasing an additional 50,000 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% during the first quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 1,000 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

About Home Bancshares, Inc. (Conway, AR)

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.