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

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 4,720,000 shares, an increase of 13.5% from the April 15th total of 4,160,000 shares. Based on an average daily volume of 969,000 shares, the days-to-cover ratio is presently 4.9 days.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler raised their price objective 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. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Finally, Stephens lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and an average target price of $26.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.8 %

Shares of HOMB stock opened at $24.65 on Friday. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The firm’s fifty day simple moving average is $23.95 and its 200 day simple moving average is $23.61. The firm has a market capitalization of $4.94 billion, a P/E ratio of 12.71 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.46.

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 for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.92%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

Insider Buying and Selling

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at $24,530. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction that occurred 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 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 available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,606 shares of company stock worth $1,101,008. 7.66% of the stock is owned by company insiders.

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

A number of institutional investors have recently bought and sold shares of HOMB. Norges Bank acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $54,498,000. International Assets Investment Management LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2,433.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider’s stock valued at $30,820,000 after purchasing an additional 1,168,716 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $18,429,000. Wellington Management Group LLP boosted its stake in shares of 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 purchasing an additional 590,301 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.5% in 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 purchasing an additional 432,091 shares in the last quarter. Institutional investors and hedge funds 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.