James Pat Hickman Sells 63,997 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now owns 175,500 shares of the company’s stock, valued at $5,400,135. The trade was a 26.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.9 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $30.75 on Friday. The stock has a 50-day simple moving average of $27.75 and a 200-day simple moving average of $26.13. Home Bancshares, Inc. has a 52-week low of $21.70 and a 52-week high of $31.33. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 15.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.195 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.54%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Several large investors have recently made changes to their positions in HOMB. US Bancorp DE boosted its position in Home Bancshares, Inc. (Conway, AR) by 9.5% during the first quarter. US Bancorp DE now owns 14,584 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 1,267 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth $129,000. Ontario Teachers Pension Plan Board acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at $877,000. Bessemer Group Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 15.0% in the 1st quarter. Bessemer Group Inc. now owns 44,216 shares of the financial services provider’s stock worth $1,087,000 after acquiring an additional 5,780 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth $31,000. Institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

HOMB has been the subject of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Piper Sandler raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Stephens boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $28.25.

About Home Bancshares, Inc. (Conway, AR)

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.