John W. Allison Acquires 10,000 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.7 %

NYSE HOMB opened at $30.05 on Friday. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The firm has a 50-day moving average price of $29.73 and a 200 day moving average price of $28.00. The stock has a market capitalization of $5.97 billion, a P/E ratio of 14.88 and a beta of 1.10. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Equities research analysts expect that Home Bancshares, Inc. will post 2.18 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Keefe, Bruyette & Woods lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group reduced their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Piper Sandler increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 427 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $40,000. Blue Trust Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter valued at about $75,000. 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.