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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) CAO Jennifer C. Floyd sold 2,333 shares of the business's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company's stock, valued at $24,530. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Home Bancshares, Inc. (Conway, AR) Stock Performance
Shares of HOMB stock opened at $24.42 on Friday. The stock has a 50 day simple moving average of $23.66 and a 200-day simple moving average of $23.25. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 12.59 and a beta of 1.11. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $240.46 million. During the same quarter last year, the business earned $0.54 earnings per share. The business's revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current year.
Home Bancshares, Inc. (Conway, AR) Dividend Announcement
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 37.11%.
Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider's stock valued at $139,240,000 after buying an additional 432,091 shares in the last quarter. Wellington Management Group LLP raised its position in Home Bancshares, Inc. (Conway, AR) by 21.5% during the fourth quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider's stock worth $84,615,000 after acquiring an additional 590,301 shares during the last quarter. Copeland Capital Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Copeland Capital Management LLC now owns 3,224,717 shares of the financial services provider's stock worth $67,526,000 after acquiring an additional 18,973 shares during the last quarter. Norges Bank purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $54,498,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% in the fourth 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 during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Stephens increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an "overweight" rating in a report on Friday, April 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Finally, Piper Sandler boosted their price target on 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.00.
Check Out Our Latest Analysis 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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