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 completion of the transaction, the director owned 218,460 shares in the company, valued at $6,199,894.80. The trade was a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Home BancShares Stock Performance

NYSE HOMB opened at $28.95 on Friday. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $31.27. The firm has a market capitalization of $5.69 billion, a P/E ratio of 12.01 and a beta of 0.78. The stock’s fifty day moving average is $28.45 and its two-hundred day moving average is $28.35. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91.

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

Home BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, February 11th. Home BancShares’s payout ratio is presently 34.85%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Home BancShares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System increased its position in shares of Home BancShares by 10.7% during the fourth quarter. New York State Teachers Retirement System now owns 163,600 shares of the financial services provider’s stock worth $4,545,000 after acquiring an additional 15,871 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in Home BancShares by 8.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 80,963 shares of the financial services provider’s stock valued at $2,249,000 after purchasing an additional 6,590 shares during the period. Vest Financial LLC grew its stake in Home BancShares by 52.4% during the 4th quarter. Vest Financial LLC now owns 204,289 shares of the financial services provider’s stock worth $5,675,000 after purchasing an additional 70,256 shares in the last quarter. Torren Management LLC purchased a new stake in Home BancShares during the 4th quarter worth about $49,000. Finally, Pictet Asset Management Holding SA raised its position in Home BancShares by 6.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 29,777 shares of the financial services provider’s stock valued at $827,000 after purchasing an additional 1,793 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Company Profile

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.