Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Short Interest Down 11.1% in January

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 4,400,000 shares, a decline of 11.1% from the January 15th total of 4,950,000 shares. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is presently 4.1 days.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several recent analyst reports. Hovde Group lowered their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Keefe, Bruyette & Woods lifted their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Stephens reissued an "overweight" rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares of the company's stock, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.66% of the stock is owned by company insiders.

Institutional Trading of Home Bancshares, Inc. (Conway, AR)

Several hedge funds have recently made changes to their positions in HOMB. Norges Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $60,169,000. International Assets Investment Management LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider's stock valued at $352,520,000 after acquiring an additional 1,253,259 shares during the period. Boston Partners purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $27,825,000. Point72 Asset Management L.P. raised its stake in Home Bancshares, Inc. (Conway, AR) by 1,545.1% during the 4th quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider's stock valued at $11,127,000 after acquiring an additional 369,271 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after purchasing an additional 324,664 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Price Performance

HOMB stock traded down $0.39 during mid-day trading on Friday, reaching $29.45. The company's stock had a trading volume of 1,109,470 shares, compared to its average volume of 952,187. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company's 50 day moving average is $29.40 and its two-hundred day moving average is $28.55. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The stock has a market cap of $5.86 billion, a PE ratio of 14.58 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to analysts' expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. Equities research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

Home Bancshares, Inc. (Conway, AR) Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 38.61%.

About Home Bancshares, Inc. (Conway, AR)

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.