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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the transaction, the director now owns 175,500 shares in the company, valued at $5,400,135. The trade was a 26.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Home Bancshares, Inc. (Conway, AR) Stock Up 0.4 %
NYSE HOMB opened at $30.74 on Wednesday. The business has a fifty day moving average price of $27.59 and a two-hundred day moving average price of $26.06. The stock has a market capitalization of $6.11 billion, a PE ratio of 15.85 and a beta of 1.05. Home Bancshares, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $31.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91.
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. During the same period in the previous year, the firm posted $0.47 EPS. The business's quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.
Home Bancshares, Inc. (Conway, AR) Dividend Announcement
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 40.21%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Piper Sandler increased their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. Finally, Stephens lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.25.
View Our Latest Report on Home Bancshares, Inc. (Conway, AR)
Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)
Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider's stock worth $156,946,000 after buying an additional 490,718 shares during the period. Geode Capital Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 1.4% in the third quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider's stock worth $120,983,000 after acquiring an additional 60,588 shares in the last quarter. Copeland Capital Management LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider's stock valued at $87,789,000 after purchasing an additional 28,604 shares during the period. Bank of New York Mellon Corp increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider's stock worth $51,919,000 after acquiring an additional 11,499 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider's stock valued at $55,430,000 after purchasing an additional 134,741 shares in the last quarter. Institutional investors own 67.31% of the company's stock.
Home Bancshares, Inc. (Conway, AR) Company Profile
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Get Free Report)
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.
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