Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 4,140,000 shares, a growth of 6.2% from the September 30th total of 3,900,000 shares. Based on an average daily volume of 927,300 shares, the short-interest ratio is currently 4.5 days.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on HOMB. StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a research note on Thursday. Stephens raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Royal Bank of Canada reiterated a "sector perform" rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Piper Sandler raised their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $28.25.
Read Our Latest Stock Analysis on HOMB
Home Bancshares, Inc. (Conway, AR) Trading Down 0.4 %
Shares of NYSE:HOMB traded down $0.12 during midday trading on Friday, hitting $27.17. 338,230 shares of the stock were exchanged, compared to its average volume of 967,705. The business's 50-day moving average price is $27.05 and its 200 day moving average price is $25.54. Home Bancshares, Inc. has a 12 month low of $20.45 and a 12 month high of $28.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 14.06 and a beta of 1.05.
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The business had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The company's revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Analysts predict that Home Bancshares, Inc. will post 2.05 earnings per share for the current year.
Home Bancshares, Inc. (Conway, AR) Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 40.21%.
Institutional Investors Weigh In On Home Bancshares, Inc. (Conway, AR)
Institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $31,000. UMB Bank n.a. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 427 shares in the last quarter. Blue Trust Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock worth $49,000 after purchasing an additional 528 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) in the second quarter worth approximately $75,000. Institutional investors and hedge funds own 67.31% of the company's stock.
About Home Bancshares, Inc. (Conway, AR)
(
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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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