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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the transaction, the chief accounting officer now owns 4,301 shares in the company, valued at $118,062.45. This represents a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Home Bancshares, Inc. (Conway, AR) Price Performance
Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $27.55 on Thursday. The stock has a market cap of $5.47 billion, a P/E ratio of 13.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock's fifty day moving average is $27.86 and its 200 day moving average is $28.78. Home Bancshares, Inc. has a one year low of $22.42 and a one year high of $32.91.
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. Sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.
Analysts Set New Price Targets
HOMB has been the topic of a number of research analyst reports. Stephens restated an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday. Hovde Group lowered their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Royal Bank of Canada cut their price objective on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a report on Monday. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of "Moderate Buy" and an average price target of $32.40.
Check Out Our Latest Stock Report on Home Bancshares, Inc. (Conway, AR)
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock valued at $612,000 after acquiring an additional 575 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider's stock worth $522,000 after purchasing an additional 2,096 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 11.7% in the 1st quarter. Everhart Financial Group Inc. now owns 22,407 shares of the financial services provider's stock worth $633,000 after purchasing an additional 2,349 shares in the last quarter. Fifth Third Bancorp boosted its stake in Home Bancshares, Inc. (Conway, AR) by 60.5% in the 1st quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock worth $98,000 after purchasing an additional 1,307 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at approximately $820,000. Institutional investors own 67.31% of the company's stock.
About Home Bancshares, Inc. (Conway, AR)
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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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