Home BancShares (NYSE:HOMB) Director Sells $157,877.94 in Stock

Home BancShares, Inc. (NYSE:HOMB) Director Donna Townsell sold 5,563 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total transaction of $157,877.94. Following the completion of the sale, the director directly owned 218,460 shares in the company, valued at approximately $6,199,894.80. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Home BancShares Trading Up 0.0%

Home BancShares stock opened at $28.95 on Friday. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $31.27. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 12.01 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.90. The firm has a 50-day moving average of $28.45 and a 200-day moving average of $28.35.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. Home BancShares had a return on equity of 11.16% and a net margin of 32.18%.The firm had revenue of $282.09 million during the quarter, compared to analysts’ expectations of $272.48 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts expect that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 target price (up from $34.00) on shares of Home BancShares in a report on Friday, January 16th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.60.

Institutional Trading of Home BancShares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Home BancShares in the 2nd quarter valued at $64,545,000. First Trust Advisors LP raised its stake in Home BancShares by 52.5% during the 3rd quarter. First Trust Advisors LP now owns 2,230,065 shares of the financial services provider’s stock worth $63,111,000 after buying an additional 767,844 shares during the period. American Century Companies Inc. raised its position in shares of Home BancShares by 14.7% during the second quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock worth $138,772,000 after purchasing an additional 626,655 shares during the period. Vanguard Group Inc. increased its stake in Home BancShares by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock valued at $567,372,000 after purchasing an additional 621,751 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Home BancShares by 82.9% during the third quarter. AQR Capital Management LLC now owns 1,120,706 shares of the financial services provider’s stock worth $31,716,000 after acquiring an additional 508,127 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

About Home BancShares

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.