Home Bancshares (HOMB) Sees Unusually-High Trading Volume

Shares of Home Bancshares Inc (NASDAQ:HOMB) saw unusually-strong trading volume on Friday . Approximately 3,045,400 shares changed hands during trading, an increase of 269% from the previous session’s volume of 825,553 shares.The stock last traded at $22.76 and had previously closed at $22.71.

Several research analysts have recently weighed in on HOMB shares. ValuEngine downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research downgraded Home Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 24th. BidaskClub upgraded Home Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Sandler O’Neill set a $25.00 price target on Home Bancshares and gave the stock a “hold” rating in a research note on Wednesday, March 28th. Finally, FIG Partners upgraded Home Bancshares from a “market-perform” rating to an “outperform” rating in a research note on Friday, April 20th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $27.33.

The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 15.81 and a beta of 1.08.



Home Bancshares (NASDAQ:HOMB) last issued its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $186.70 million for the quarter, compared to analysts’ expectations of $164.30 million. Home Bancshares had a return on equity of 11.35% and a net margin of 24.23%. The firm’s quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. equities analysts expect that Home Bancshares Inc will post 1.76 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 6th. Investors of record on Wednesday, May 16th were issued a dividend of $0.11 per share. The ex-dividend date was Tuesday, May 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.93%. Home Bancshares’s dividend payout ratio (DPR) is 32.59%.

Home Bancshares announced that its Board of Directors has initiated a share repurchase program on Thursday, February 22nd that authorizes the company to buyback 5,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

In related news, insider Russell Davis Carter III sold 3,500 shares of the stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $23.67, for a total transaction of $82,845.00. Following the sale, the insider now owns 16,259 shares of the company’s stock, valued at approximately $384,850.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James G. Hinkle sold 25,881 shares of the stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $23.70, for a total value of $613,379.70. The disclosure for this sale can be found here. Insiders have sold a total of 53,500 shares of company stock worth $1,267,604 in the last three months. 9.15% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Home Bancshares by 1.9% during the 1st quarter. BlackRock Inc. now owns 17,230,023 shares of the financial services provider’s stock worth $393,017,000 after purchasing an additional 314,431 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Home Bancshares by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,809,059 shares of the financial services provider’s stock valued at $86,885,000 after acquiring an additional 28,473 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Home Bancshares by 14.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,919,175 shares of the financial services provider’s stock valued at $67,871,000 after acquiring an additional 374,266 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Home Bancshares by 2.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 2,480,491 shares of the financial services provider’s stock valued at $56,580,000 after acquiring an additional 62,767 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of Home Bancshares by 7.5% in the 4th quarter. Glenmede Trust Co. NA now owns 2,174,650 shares of the financial services provider’s stock valued at $50,558,000 after acquiring an additional 151,231 shares in the last quarter. 64.55% of the stock is currently owned by institutional investors and hedge funds.

About Home Bancshares

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, NOW, and money market accounts, as well as certificates of deposit.

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