Jennifer C. Floyd Sells 2,333 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now owns 1,000 shares in the company, valued at $24,530. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

Shares of HOMB stock traded down $0.10 during trading hours on Friday, reaching $24.42. The stock had a trading volume of 686,416 shares, compared to its average volume of 994,055. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.89. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The firm has a 50-day simple moving average of $23.66 and a 200-day simple moving average of $23.25. The firm has a market capitalization of $4.91 billion, a PE ratio of 12.59 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business had revenue of $246.40 million for the quarter, compared to analysts' expectations of $240.46 million. During the same quarter last year, the company earned $0.54 EPS. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Home Bancshares, Inc. will post 1.93 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.95%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 37.11%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stephens raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Royal Bank of Canada restated a "sector perform" rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Finally, Piper Sandler raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $26.00.

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

Several large investors have recently bought and sold shares of HOMB. SG Americas Securities LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 7.1% during the 3rd quarter. SG Americas Securities LLC now owns 43,423 shares of the financial services provider's stock valued at $909,000 after buying an additional 2,874 shares during the period. Copeland Capital Management LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the 3rd quarter. Copeland Capital Management LLC now owns 3,224,717 shares of the financial services provider's stock valued at $67,526,000 after buying an additional 18,973 shares during the period. Tectonic Advisors LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd quarter. Tectonic Advisors LLC now owns 44,830 shares of the financial services provider's stock valued at $939,000 after buying an additional 3,009 shares during the period. Godsey & Gibb Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at about $164,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,408 shares of the financial services provider's stock worth $825,000 after purchasing an additional 6,070 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

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.