Short Interest in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Declines By 5.5%

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 4,160,000 shares, a decline of 5.5% from the March 31st total of 4,400,000 shares. Based on an average daily volume of 995,600 shares, the short-interest ratio is currently 4.2 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HOMB. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Piper Sandler upped their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, January 19th. Finally, Stephens boosted their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an "overweight" rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $26.00.

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

Shares of HOMB traded down $0.42 during mid-day trading on Tuesday, reaching $23.68. The company had a trading volume of 851,397 shares, compared to its average volume of 988,290. The stock has a market capitalization of $4.76 billion, a P/E ratio of 12.30 and a beta of 1.11. The stock has a 50 day moving average of $23.67 and a two-hundred day moving average of $23.30. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $25.80.

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

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.04%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 37.11%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison bought 20,000 shares of the firm's stock in a transaction on Monday, February 5th. The stock was acquired at an average cost 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO John W. Allison purchased 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The stock was purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Donna Townsell sold 22,729 shares of the business's stock in a transaction on Thursday, March 21st. The stock was 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 directly owns 215,854 shares of the company's stock, valued at $5,128,691.04. The disclosure for this sale can be found here. Insiders sold a total of 45,606 shares of company stock valued at $1,101,008 in the last ninety days. Corporate insiders own 7.66% of the company's stock.

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

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider's stock valued at $139,240,000 after acquiring an additional 432,091 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% in the fourth quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider's stock valued at $84,615,000 after purchasing an additional 590,301 shares during the last quarter. Norges Bank acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $54,498,000. Goldman Sachs Group Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider's stock valued at $53,363,000 after purchasing an additional 203,566 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,561,671 shares of the financial services provider's stock valued at $39,557,000 after purchasing an additional 21,894 shares during the last quarter. Institutional investors and hedge funds 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.