Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Insider Sells $204,359.76 in Stock

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

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

NYSE:HOMB traded down $0.05 on Friday, reaching $29.33. 855,617 shares of the company's stock were exchanged, compared to its average volume of 1,017,667. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 14.52 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock has a fifty day simple moving average of $27.60 and a 200-day simple moving average of $28.99. Home Bancshares, Inc. has a 52 week low of $22.42 and a 52 week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be issued a $0.20 dividend. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.10%.

Analysts Set New Price Targets

HOMB has been the subject of several recent analyst reports. Royal Bank of Canada reduced 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 report on Monday, April 21st. Hovde Group reduced their price target 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. Stephens reaffirmed an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Hedge Funds Weigh In On Home Bancshares, Inc. (Conway, AR)

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

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.