Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Insider Kevin Hester Sells 7,128 Shares

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) insider Kevin Hester sold 7,128 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total value of $204,359.76. Following the completion of the sale, the insider now owns 124,912 shares in the company, valued at $3,581,227.04. This represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.5%

NYSE:HOMB traded up $1.01 during mid-day trading on Monday, hitting $29.60. The company had a trading volume of 935,192 shares, compared to its average volume of 1,015,003. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.91. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 14.65 and a beta of 0.79. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $27.51 and a 200-day simple moving average of $28.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $260.08 million during the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Equities analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.10%.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $722,000. Charles Schwab Investment Management Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after acquiring an additional 120,691 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after purchasing an additional 324,664 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock worth $10,714,000 after purchasing an additional 69,892 shares in the last quarter. Finally, Amarillo National Bank boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 137.6% in the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock worth $2,932,000 after purchasing an additional 60,000 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada decreased their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a research report on Monday, April 21st. Hovde Group decreased their target price on 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 $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

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.

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