Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – RATING) COO John Stephen Tipton sold 18,000 shares of the stock in a transaction on Friday, August 5th. The stock traded at an average price of $23.77, for a total transaction of $427,860.00. Following the completion of the sale, the chief operating officer now directly owns 8,308 shares of the company’s stock, valued at $197,481.16. The sale was disclosed in a filing with the Securities and Exchange Commission at this link.

Home Bancshares, Inc. (Conway, AR) Stock 0.9 %

NASDAQ HOMB traded up $0.21 during midday trading on Monday, hitting $24.09. 808,964 shares of the company’s shares traded hands, compared to its average volume of 1,088,661. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83, and a quick ratio of 0.91. The company has a market cap of $4.95 billion, a PE ratio of 13.72 and a beta of 1.24. The company’s 50-day simple moving average is $21.81 and its 200-day simple moving average is $22.30. Home Bancshares, Inc. It has a 52 week low of $19.83 and a 52 week high of $26.64.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating ) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. The firm had revenue of $243.30 million for the quarter, compared to analysts’ expectations of $226.63 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.50% and a net margin of 28.43%. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter last year, the company earned $0.46 EPS. As a group, equities research analysts recommend Home Bancshares, Inc. They forecast that it will post 1.9 earnings per share for the current year.

Home Bancshares, Inc. (Conway, AR) announced the split

The firm recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Wednesday, August 17th will be paid a dividend of $0.165. The ex-date of this dividend is Tuesday, August 16th. This represents an annual dividend of $0.66 and a dividend yield of 2.74%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 47.48%.

Analysts set a new price target.

A number of equities analysts recently weighed in on HOMB shares. StockNews.com shares Home Bancshares, Inc. (Conway, AR) cut shares from a “hold” rating to a “sell” rating in a research note on Monday, May 23rd. Piper Sandler at Home Bancshares, Inc. (Conway, AR) boosted their price target on shares from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Finally, TheStreet Home Bancshares, Inc. (Conway, AR) from a “b” rating to a “c+” rating in a research note on Friday, July 22nd.

Home Bankshares, Inc. (Conway, AR) Institutional Trading

A number of institutional investors have recently made changes to their positions in HOMB. Aviance Capital Partners LLC is owned by Home Bancshares, Inc. (Conway, AR) raised its stake in shares by 5.5% in the 2nd quarter. Avance Capital Partners LLC now owns 27,228 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 1,431 shares in the last quarter. Bank of Nova Scotia at Home Bancshares, Inc. (Conway, AR) bought a new position in the 2nd quarter worth $739,000. Texas Permanent School Fund by Home Bancshares, Inc. (Conway, AR) lifted its stake in shares by 28.1% in the 2nd quarter. Texas Permanent School Fund now owns 136,741 shares of the financial services provider’s stock worth $2,840,000 after acquiring an additional 29,970 shares during the last quarter. Michigan State Retirement System at Home Bancshares, Inc. (Conway, AR) lifted its stake in shares by 25.9% in the 2nd quarter. State Retirement System of Michigan now owns 48,130 shares of the financial services provider’s stock worth $1,000,000 after acquiring an additional 9,900 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC shares in Home Bancshares, Inc. (Conway, AR) bought a new position in the 2nd quarter worth $5,709,000. Institutional investors and hedge funds own 67.05% of the company.

Home Bancshares, Inc. (Conway, AR) Company Profile

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Home Bancshares, Inc (Conway, AR) operates as a bank holding company for Centennial Bank, providing 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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