Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Short Interest Up 6.2% in October

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) was the target of a large growth in short interest in 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 trading volume of 927,300 shares, the days-to-cover ratio is presently 4.5 days.

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

A number of institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 40.0% in the third quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider’s stock valued at $2,763,000 after buying an additional 29,171 shares during the period. Harbor Capital Advisors Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 115.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider’s stock valued at $1,884,000 after buying an additional 37,266 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 1,460 shares during the last quarter. Tectonic Advisors LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 7.2% in the third quarter. Tectonic Advisors LLC now owns 60,003 shares of the financial services provider’s stock worth $1,625,000 after acquiring an additional 4,004 shares during the period. Finally, Dakota Wealth Management purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $208,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of recent analyst reports. Piper Sandler increased their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Stephens lifted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.1 %

HOMB stock traded down $0.03 during mid-day trading on Friday, hitting $27.26. 250,973 shares of the company were exchanged, compared to its average volume of 967,294. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a twelve month low of $20.45 and a twelve month high of $28.99. The firm has a fifty day simple moving average of $27.05 and a 200 day simple moving average of $25.54. The company has a market capitalization of $5.44 billion, a PE ratio of 14.06 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. During the same quarter last year, the company posted $0.47 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% on a year-over-year basis. On average, research analysts forecast that Home Bancshares, Inc. will post 2.05 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.86%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 40.21%.

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.