Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Gap Up to $22.43

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $22.43, but opened at $23.52. Home Bancshares, Inc. (Conway, AR) shares last traded at $22.93, with a volume of 91,466 shares traded.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Piper Sandler lifted their target price on 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.9 %

The firm has a 50 day simple moving average of $23.56 and a two-hundred day simple moving average of $23.11. The company has a market capitalization of $4.69 billion, a PE ratio of 11.50 and a beta of 1.11. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $238.50 million. Research analysts expect that Home Bancshares, Inc. will post 1.88 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were issued a $0.18 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.09%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 36.92%.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the acquisition, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Allison acquired 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The disclosure for this purchase can be found here. Insiders own 7.66% of the company’s stock.

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. Mariner LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 5.4% during the third quarter. Mariner LLC now owns 9,954 shares of the financial services provider’s stock worth $208,000 after purchasing an additional 511 shares during the last quarter. Arizona State Retirement System raised its holdings in Home Bancshares, Inc. (Conway, AR) by 1.0% during the third quarter. Arizona State Retirement System now owns 54,856 shares of the financial services provider’s stock worth $1,149,000 after purchasing an additional 526 shares during the last quarter. BTC Capital Management Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 4.9% during the third quarter. BTC Capital Management Inc. now owns 12,413 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 579 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Home Bancshares, Inc. (Conway, AR) by 5.2% during the third quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 582 shares during the last quarter. Finally, Naples Global Advisors LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 1.3% during the third quarter. Naples Global Advisors LLC now owns 50,650 shares of the financial services provider’s stock worth $1,061,000 after purchasing an additional 650 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Company Profile

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.