Brian Davis Sells 20,544 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,186,987.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.1 %

Shares of HOMB traded down $0.28 during midday trading on Thursday, hitting $24.52. The stock had a trading volume of 811,753 shares, compared to its average volume of 997,900. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The firm has a market cap of $4.93 billion, a PE ratio of 12.78 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.89. The stock’s 50 day moving average is $23.64 and its 200 day moving average is $23.22.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current fiscal year.

Analyst Ratings Changes

HOMB has been the topic of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Piper Sandler upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Finally, Stephens upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and an average price target of $26.00.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 677 shares during the period. Headlands Technologies LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $35,000. Ronald Blue Trust Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 84.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 771 shares during the last quarter. TFO Wealth Partners LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,629 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,310 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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.