Home BancShares (NYSE:HOMB) Director Donna Townsell Sells 5,563 Shares

Key Points

  • Director Donna Townsell sold 5,563 shares on Jan. 28 at an average price of $28.38 for $157,877.94, trimming her stake by 2.48% to 218,460 shares valued at about $6.20 million.
  • Q4 results: Home BancShares reported $0.60 EPS (in line with estimates) and $282.09 million in revenue (above estimates), with revenue up 9.2% year-over-year, a 11.16% return on equity and a 32.18% net margin.
  • The company declared a quarterly dividend of $0.21 (annualized $0.84, yield 2.9%; ex-dividend Feb. 11, payable Mar. 4), while analysts maintain a consensus "Moderate Buy" rating with a $32.60 price target after several upgrades.

Home BancShares, Inc. (NYSE:HOMB - Get Free Report) Director Donna Townsell sold 5,563 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total transaction of $157,877.94. Following the transaction, the director owned 218,460 shares in the company, valued at $6,199,894.80. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Home BancShares Price Performance

HOMB opened at $28.94 on Friday. The company has a market capitalization of $5.69 billion, a P/E ratio of 12.01 and a beta of 0.78. The company has a 50-day moving average of $28.42 and a 200-day moving average of $28.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $31.27.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. The business had revenue of $282.09 million during the quarter, compared to the consensus estimate of $272.48 million. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. Equities analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Dividend Announcement




The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, February 11th. Home BancShares's payout ratio is 34.85%.

Analysts Set New Price Targets

Several research firms have weighed in on HOMB. Zacks Research upgraded shares of Home BancShares from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 19th. Piper Sandler reaffirmed an "overweight" rating and set a $35.00 price objective (up previously from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Weiss Ratings restated a "buy (b-)" rating on shares of Home BancShares in a research note on Monday, December 29th. Finally, Royal Bank Of Canada set a $31.00 price target on Home BancShares in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.60.

Get Our Latest Research Report on Home BancShares

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vest Financial LLC increased its stake in shares of Home BancShares by 22.5% during the second quarter. Vest Financial LLC now owns 73,280 shares of the financial services provider's stock valued at $2,086,000 after acquiring an additional 13,473 shares during the period. American Century Companies Inc. boosted its stake in Home BancShares by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider's stock valued at $138,772,000 after purchasing an additional 626,655 shares in the last quarter. Gutierrez Wealth Advisory LLC increased its position in shares of Home BancShares by 66.4% during the 2nd quarter. Gutierrez Wealth Advisory LLC now owns 34,147 shares of the financial services provider's stock valued at $972,000 after purchasing an additional 13,632 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Home BancShares in the 2nd quarter worth $5,825,000. Finally, AlphaQuest LLC bought a new stake in shares of Home BancShares in the 2nd quarter worth $2,325,000. Institutional investors own 67.31% of the company's stock.

About Home BancShares

(Get Free Report)

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company's core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

Further Reading

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