Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Gap Up to $22.43

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) shares gapped up prior to trading on Thursday . The stock had previously closed at $22.43, but opened at $23.52. Home Bancshares, Inc. (Conway, AR) shares last traded at $22.93, with a volume of 91,466 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HOMB shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Piper Sandler increased their target price 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.9 %

The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 11.50 and a beta of 1.11. The stock’s fifty day simple moving average is $23.56 and its two-hundred day simple moving average is $23.11. 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. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $245.62 million during the quarter, compared to analyst estimates of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.21% and a return on equity of 10.91%. On average, sell-side analysts predict that Home Bancshares, Inc. will post 1.88 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.09%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 36.92%.

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

In other news, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO John W. Allison purchased 20,000 shares of the stock in a transaction dated Monday, February 5th. The stock was acquired at an average price 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 of the company’s stock, valued at $125,296,990.68. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Donna Townsell sold 22,729 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kwmg LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 2.0% in the 1st quarter. Kwmg LLC now owns 242,958 shares of the financial services provider’s stock valued at $5,969,000 after buying an additional 4,877 shares in the last quarter. BTC Capital Management Inc. bought a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at about $339,000. Wellington Management Group LLP grew its position in Home Bancshares, Inc. (Conway, AR) by 21.5% in the 4th quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after buying an additional 590,301 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock valued at $53,363,000 after purchasing an additional 203,566 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 71.9% during the 4th quarter. Barclays PLC now owns 583,007 shares of the financial services provider’s stock valued at $14,767,000 after purchasing an additional 243,949 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

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.