Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Short Interest Update

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,360,000 shares, an increase of 6.6% from the December 15th total of 4,090,000 shares. Based on an average daily trading volume, of 986,300 shares, the days-to-cover ratio is currently 4.4 days.

Analysts Set New Price Targets

Several brokerages recently commented on HOMB. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Hovde Group dropped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday. Keefe, Bruyette & Woods raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In related news, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now directly owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the director now owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,997 shares of company stock valued at $2,782,548 in the last three months. 7.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOMB. UMB Bank n.a. raised its position in Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after buying an additional 427 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. Blue Trust Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after buying an additional 528 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth about $75,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.4 %

NYSE HOMB opened at $30.43 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The business’s fifty day simple moving average is $29.77 and its 200-day simple moving average is $27.94. The firm has a market cap of $6.05 billion, a PE ratio of 15.69 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Home Bancshares, Inc. will post 2.03 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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.