Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Sees Significant Growth in Short Interest

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 4,080,000 shares, an increase of 6.3% from the January 31st total of 3,840,000 shares. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 3.8 days.

Wall Street Analyst Weigh In

HOMB has been the subject of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, January 19th. Piper Sandler raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Finally, Citigroup initiated coverage on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, December 1st. They issued a “neutral” rating and a $23.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average target price of $25.00.

View Our Latest Stock Analysis on Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc. (Conway, AR) Trading Down 0.5 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $23.94 on Thursday. The business has a fifty day simple moving average of $23.93 and a two-hundred day simple moving average of $22.73. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 12.28 and a beta of 1.10. 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:HOMBGet Free Report) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The company had revenue of $245.62 million during the quarter, compared to the consensus estimate of $238.50 million. Research analysts forecast that Home Bancshares, Inc. will post 1.88 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 14th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 36.92%.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 60,000 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $25.38, for a total transaction of $1,522,800.00. Following the transaction, the director now directly owns 238,497 shares in the company, valued at approximately $6,053,053.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO John W. Allison purchased 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Pat Hickman sold 60,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $25.38, for a total value of $1,522,800.00. Following the sale, the director now directly owns 238,497 shares of the company’s stock, valued at $6,053,053.86. The disclosure for this sale can be found here. 7.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HOMB. Raymond James & Associates raised its stake in Home Bancshares, Inc. (Conway, AR) by 10.4% in the first quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider’s stock valued at $1,700,000 after purchasing an additional 7,071 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Home Bancshares, Inc. (Conway, AR) by 10.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,194 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 5,218 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Home Bancshares, Inc. (Conway, AR) by 8.0% in the first quarter. Great West Life Assurance Co. Can now owns 82,253 shares of the financial services provider’s stock valued at $1,909,000 after acquiring an additional 6,127 shares during the last quarter. Yousif Capital Management LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 1.4% in the first quarter. Yousif Capital Management LLC now owns 79,974 shares of the financial services provider’s stock valued at $1,807,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Home Bancshares, Inc. (Conway, AR) by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,973,531 shares of the financial services provider’s stock valued at $89,803,000 after acquiring an additional 99,183 shares during the last quarter. Institutional investors and hedge funds own 64.32% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

(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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