Key Points
- CAO Jennifer Floyd sold 3,000 shares on April 21 at an average price of $27.11 for $81,330, cutting her stake by 39.29% to 4,635 shares (valued at $125,654.85).
- Home BancShares declared a quarterly dividend of $0.21 (annualized $0.84) with an ex-dividend date of May 13 and a yield of about 3.2%.
- The company reported Q1 EPS of $0.60 (in line with estimates) with revenue of $266.71M slightly below expectations, and the stock carries a consensus "Moderate Buy" rating with a target of $31.40.
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Home BancShares, Inc. (NYSE:HOMB - Get Free Report) CAO Jennifer Floyd sold 3,000 shares of the company's stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the sale, the chief accounting officer owned 4,635 shares of the company's stock, valued at $125,654.85. This represents a 39.29% 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 Trading Down 0.7%
NYSE:HOMB opened at $26.66 on Thursday. The company has a fifty day moving average of $27.49 and a 200 day moving average of $27.90. Home BancShares, Inc. has a 52 week low of $25.67 and a 52 week high of $30.83. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $5.24 billion, a P/E ratio of 10.97 and a beta of 0.75.
Home BancShares (NYSE:HOMB - Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The business had revenue of $266.71 million during the quarter, compared to analysts' expectations of $274.06 million. During the same quarter last year, the business posted $0.56 EPS. The business's revenue was up 2.5% on a year-over-year basis. On average, research analysts predict that Home BancShares, Inc. will post 2.48 earnings per share for the current year.
Home BancShares Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $0.84 annualized dividend and a yield of 3.2%. Home BancShares's dividend payout ratio (DPR) is 34.57%.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Zacks Research cut Home BancShares from a "strong-buy" rating to a "hold" rating in a report on Monday, March 16th. Wall Street Zen cut Home BancShares from a "hold" rating to a "sell" rating in a report on Saturday, April 18th. Piper Sandler set a $33.00 target price on shares of Home BancShares and gave the company an "overweight" rating in a research note on Friday, April 17th. Royal Bank Of Canada set a $31.00 target price on shares of Home BancShares in a research note on Monday, January 12th. Finally, Stephens cut their target price on shares of Home BancShares from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.40.
View Our Latest Analysis on HOMB
Institutional Investors Weigh In On Home BancShares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in Home BancShares by 164.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider's stock worth $30,000 after purchasing an additional 674 shares during the period. Kestra Advisory Services LLC purchased a new stake in Home BancShares in the fourth quarter worth $36,000. Covestor Ltd grew its stake in Home BancShares by 110.6% in the fourth quarter. Covestor Ltd now owns 1,327 shares of the financial services provider's stock worth $37,000 after purchasing an additional 697 shares during the period. Binnacle Investments Inc grew its stake in Home BancShares by 76.7% in the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider's stock worth $38,000 after purchasing an additional 577 shares during the period. Finally, First Horizon Corp purchased a new stake in Home BancShares in the third quarter worth $43,000. 67.31% of the stock is owned by hedge funds and other institutional investors.
About Home BancShares
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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.
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