Insider Buying: Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CEO Acquires 10,000 Shares of Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CEO John W. Allison acquired 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Home Bancshares, Inc. (Conway, AR) Price Performance

Shares of Home Bancshares, Inc. (Conway, AR) stock traded down $0.21 during trading hours on Wednesday, reaching $29.88. 1,960,093 shares of the company’s stock were exchanged, compared to its average volume of 1,298,576. The business has a fifty day moving average of $29.73 and a two-hundred day moving average of $28.00. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.94 billion, a P/E ratio of 14.79 and a beta of 1.10. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. As a group, research analysts predict that Home Bancshares, Inc. will post 2.17 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.61%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

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

Several institutional investors and hedge funds have recently bought and sold shares of HOMB. Geode Capital Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% during the third quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock valued at $120,983,000 after acquiring an additional 60,588 shares during the last quarter. Copeland Capital Management LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock worth $87,789,000 after purchasing an additional 28,604 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock valued at $55,430,000 after purchasing an additional 134,741 shares during the last quarter. Fisher Asset Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 2.7% in the third quarter. Fisher Asset Management LLC now owns 1,765,799 shares of the financial services provider’s stock valued at $47,835,000 after purchasing an additional 47,259 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after purchasing an additional 1,253,259 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HOMB has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. 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 research report on Friday, October 18th. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Hovde Group decreased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Stephens reaffirmed an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.00.

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.