Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Gap Up to $22.43

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $22.43, but opened at $23.52. Home Bancshares, Inc. (Conway, AR) shares last traded at $22.93, with a volume of 91,466 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on HOMB. Piper Sandler lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, January 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $25.00.

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

The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 11.91 and a beta of 1.11. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $23.56 and a 200 day moving average price of $23.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $245.62 million for the quarter, compared to the consensus estimate of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. Sell-side analysts anticipate that Home Bancshares, Inc. will post 1.88 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.10%. The ex-dividend date was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 36.92%.

Insider Buying and Selling

In related news, Director Donna Townsell sold 22,729 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the company's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the sale, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Allison bought 20,000 shares of the company's stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now directly owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The disclosure for this purchase can be found here. 7.66% of the stock is currently owned by corporate insiders.

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

Several institutional investors and hedge funds have recently made changes to their positions in HOMB. Mariner LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% in the 3rd quarter. Mariner LLC now owns 9,954 shares of the financial services provider's stock valued at $208,000 after buying an additional 511 shares in the last quarter. Arizona State Retirement System increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 54,856 shares of the financial services provider's stock valued at $1,149,000 after buying an additional 526 shares in the last quarter. BTC Capital Management Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.9% in the 3rd quarter. BTC Capital Management Inc. now owns 12,413 shares of the financial services provider's stock valued at $260,000 after buying an additional 579 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.2% in the 3rd quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider's stock valued at $243,000 after buying an additional 582 shares in the last quarter. Finally, Naples Global Advisors LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.3% in the 3rd quarter. Naples Global Advisors LLC now owns 50,650 shares of the financial services provider's stock valued at $1,061,000 after buying an additional 650 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

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.