Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating) Director Alex R. Lieblong bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, August 18th. The stock was acquired at an average price of $25.19 per share, for a total transaction of $503,800.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $503,800. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Home Bancshares, Inc. (Conway, AR) Trading Down 1.4 %
Shares of NASDAQ:HOMB traded down $0.36 on Monday, hitting $24.59. 707,885 shares of the company's stock were exchanged, compared to its average volume of 1,077,380. The business's 50 day simple moving average is $22.32 and its two-hundred day simple moving average is $22.37. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 14.34 and a beta of 1.24. Home Bancshares, Inc. has a 12 month low of $19.83 and a 12 month high of $26.64.
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Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.09. The business had revenue of $243.30 million for the quarter, compared to the consensus estimate of $226.63 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.50% and a net margin of 28.43%. The business's revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. Analysts anticipate that Home Bancshares, Inc. will post 1.91 EPS for the current fiscal year.
Home Bancshares, Inc. (Conway, AR) Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, August 16th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 47.48%.
Institutional Trading of Home Bancshares, Inc. (Conway, AR)
Hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.9% in the 1st quarter. ProShare Advisors LLC now owns 510,516 shares of the financial services provider's stock valued at $11,537,000 after buying an additional 58,522 shares in the last quarter. Naples Global Advisors LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 16.6% during the first quarter. Naples Global Advisors LLC now owns 29,960 shares of the financial services provider's stock worth $677,000 after purchasing an additional 4,275 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 6.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,876,762 shares of the financial services provider's stock valued at $70,050,000 after purchasing an additional 173,874 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.8% in the 4th quarter. Teacher Retirement System of Texas now owns 30,027 shares of the financial services provider's stock worth $731,000 after purchasing an additional 4,748 shares in the last quarter. Finally, Arvest Trust Co. N A acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $286,000. Hedge funds and other institutional investors own 67.05% of the company's stock.
Wall Street Analysts Forecast Growth
HOMB has been the subject of a number of recent research reports. TheStreet upgraded Home Bancshares, Inc. (Conway, AR) from a "c+" rating to a "b" rating in a report on Tuesday, August 16th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, August 11th.
Home Bancshares, Inc. (Conway, AR) Company Profile
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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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