Donna Townsell Sells 5,563 Shares of Home BancShares (NYSE:HOMB) Stock

Home BancShares, Inc. (NYSE:HOMB) Director Donna Townsell sold 5,563 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total value of $157,877.94. Following the transaction, the director owned 218,460 shares in the company, valued at approximately $6,199,894.80. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Home BancShares Stock Performance

NYSE:HOMB traded up $0.62 during trading hours on Thursday, hitting $28.93. 899,294 shares of the company were exchanged, compared to its average volume of 1,272,056. The company’s 50 day moving average price is $28.38 and its 200-day moving average price is $28.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.90. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 11.99 and a beta of 0.78. Home BancShares, Inc. has a 52-week low of $24.22 and a 52-week high of $31.27.

Home BancShares (NYSE:HOMB) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $282.09 million during the quarter, compared to analysts’ expectations of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 earnings per share. As a group, research analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. Home BancShares’s dividend payout ratio (DPR) is currently 34.85%.

Analyst Ratings Changes

Several equities research analysts have weighed in on HOMB shares. Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Piper Sandler restated an “overweight” rating and set a $35.00 price objective (up previously from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Royal Bank Of Canada set a $31.00 price target on Home BancShares in a research note on Monday, January 12th. Zacks Research upgraded shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Home BancShares has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Hedge Funds Weigh In On Home BancShares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Binnacle Investments Inc increased its position in Home BancShares by 76.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 577 shares during the period. First Horizon Corp bought a new position in shares of Home BancShares in the third quarter worth $43,000. Danske Bank A S acquired a new position in shares of Home BancShares during the third quarter valued at $57,000. Reyes Financial Architecture Inc. bought a new stake in shares of Home BancShares during the fourth quarter valued at about $62,000. Finally, Rothschild Investment LLC lifted its holdings in Home BancShares by 505.9% in the third quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,897 shares during the period. 67.31% of the stock is owned by institutional investors.

About Home BancShares

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.