Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Short Interest Up 6.0% in March

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

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider’s stock worth $1,700,000 after purchasing an additional 7,071 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,194 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 5,218 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 82,253 shares of the financial services provider’s stock worth $1,909,000 after purchasing an additional 6,127 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the 1st quarter. Yousif Capital Management LLC now owns 79,974 shares of the financial services provider’s stock worth $1,807,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,531 shares of the financial services provider’s stock worth $89,803,000 after purchasing an additional 99,183 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.4 %

HOMB stock opened at $23.76 on Wednesday. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 12.18 and a beta of 1.11. The firm’s 50-day moving average is $23.69 and its two-hundred day moving average is $22.96. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 EPS 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 the consensus estimate of $238.50 million. On average, analysts forecast that Home Bancshares, Inc. will post 1.88 earnings per share for the current fiscal year.

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

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 dividend of $0.18 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.03%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 36.92%.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of analyst reports. Piper Sandler increased their price objective 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $25.00.

Read Our Latest Research Report on HOMB

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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