Latest news with #JohnAllison
Yahoo
23-04-2025
- Business
- Yahoo
Home BancShares, Inc. Announces Increase in Quarterly Cash Dividend
CONWAY, Ark., April 23, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB), parent company of Centennial Bank, today announced that its Board of Directors has declared a regular $0.20 per share quarterly cash dividend payable June 4, 2025, to shareholders of record May 14, 2025. This cash dividend represents a $0.005 per share, or 2.6%, increase over the $0.195 cash dividend paid during the first quarter of 2025. 'After a strong 2024 and a record setting first quarter of 2025, we felt the timing was right for a small increase to reward our shareholders,' said John Allison, Chairman and CEO of HOMB. Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, South Alabama and New York City. The Company's common stock is traded through the New York Stock Exchange under the symbol 'HOMB.' FOR MORE INFORMATION CONTACT: Donna TownsellSenior Executive Vice President & Director of Investor Relations(501) 328-4625Sign in to access your portfolio
Globe and Mail
16-04-2025
- Business
- Globe and Mail
Optiv + ClearShark Launches FedRAMP Advisory Services to Enhance Cloud Providers' Work with U.S. Government
Services Focused on Strategy, Planning and Readiness HANOVER, Md. , April 16, 2025 /CNW/ -- Optiv + ClearShark, a cybersecurity and IT solutions provider focused exclusively on serving the U.S. federal government, has launched FedRAMP Advisory Services to help organizations working with federal agencies securely align their cloud service offerings with the standardized approach. FedRAMP (Federal Risk and Authorization Management Program) is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies and federal agencies. "With Optiv + ClearShark's vast portfolio, clients can leverage our world-class expertise in systems engineering, enterprise architecture, compliance, program management, product management, intelligence analysis and threat analysis as they move through the FedRAMP journey," said Daniel Wilbricht , president of Optiv + ClearShark. "Our customer-facing, vendor-agnostic approach within the federal space allows us to bring much-needed solutions like this to the market." Learn more about Optiv + ClearShark's FedRAMP Advisory Services: Optiv + ClearShark's FedRAMP Advisory Services help cloud service providers sell and operate their systems in a cost-effective manner while also meeting compliance standards. Benefits include: Strategy: Understanding FedRAMP, target audience and authorization Planning: Performing a full gap assessment of where their technology and organizational processes are today and where they need to be Readiness: Training on passing the audit, spotting bad auditors and determining a go-to-market strategy "FedRAMP is probably the world's toughest cybersecurity audit, and we've seen a lot of companies make costly mistakes over the years trying to pass it," said John Allison , Optiv + ClearShark's senior director of federal advisory services. "We don't want anything to stand in the way of making government more secure, and that's why, by partnering with us, clients can rely on us to help them achieve FedRAMP authorization." FedRAMP Advisory Services is the latest offering by Optiv + ClearShark in a suite of cybersecurity solutions and services, including Zero Trust architecture compliance, AI and data intelligence and DevSecOps. For the latest news and updates from Optiv + ClearShark, visit Optiv Security: Secure greatness. ® Optiv is the cyber advisory and solutions leader, delivering strategic and technical expertise to nearly 6,000 companies across every major industry. We partner with organizations to advise, deploy and operate complete cybersecurity programs from strategy and managed security services to risk, integration and technology solutions. With clients at the center of our unmatched ecosystem of people, products, partners and programs, we accelerate business progress like no other company can. At Optiv, we manage cyber risk so you can secure your full potential. For more information, visit About Optiv + ClearShark Optiv + ClearShark is a cybersecurity and IT solutions provider focused exclusively on serving the U.S. federal government. From the data center, cloud and to the edge, we have decades of experience securing and modernizing federal agency data and infrastructure. Our world-class advisory and engineering team is comprised of mission-focused, results-driven subject-matter experts with deep technology and agency domain knowledge and security clearances. Part of Optiv, the cyber advisory and solutions leader, Optiv + ClearShark partners with federal agencies to advise, deploy and operate complete cybersecurity programs.
Yahoo
21-02-2025
- Business
- Yahoo
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is largely controlled by institutional shareholders who own 71% of the company
Significantly high institutional ownership implies Home Bancshares (Conway AR)'s stock price is sensitive to their trading actions 50% of the business is held by the top 13 shareholders Insiders have bought recently Every investor in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 71% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future. Let's delve deeper into each type of owner of Home Bancshares (Conway AR), beginning with the chart below. View our latest analysis for Home Bancshares (Conway AR) Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. As you can see, institutional investors have a fair amount of stake in Home Bancshares (Conway AR). This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Home Bancshares (Conway AR)'s historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Home Bancshares (Conway AR) is not owned by hedge funds. The company's largest shareholder is BlackRock, Inc., with ownership of 12%. Meanwhile, the second and third largest shareholders, hold 10% and 4.8%, of the shares outstanding, respectively. Furthermore, CEO John Allison is the owner of 3.6% of the company's shares. A closer look at our ownership figures suggests that the top 13 shareholders have a combined ownership of 50% implying that no single shareholder has a majority. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can report that insiders do own shares in Home Bancshares, Inc. (Conway, AR). The insiders have a meaningful stake worth US$426m. Most would see this as a real positive. Most would say this shows alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling. With a 22% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Home Bancshares (Conway AR). While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. It's always worth thinking about the different groups who own shares in a company. But to understand Home Bancshares (Conway AR) better, we need to consider many other factors. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
31-01-2025
- Business
- Yahoo
Study shows revenue projections for Keller ISD split; audit finds problems with budget
Former leaders in the Keller school district made unrealistic assumptions and overestimated attendance and revenue projections, leading to a $35 million shortfall in the general fund, according to an independent audit. The district hired Chicago-based RSM consultants in May 2024 to perform a budget compliance review in response to deficits, irregularities and recent employment changes in the central office. The firm presented its findings during the school board's regular meeting Jan. 30. The Keller school district is expected to begin the 2025-26 school year with a $9.4 million deficit stemming from increased expenses and declining revenue, the latter of which is largely the result of decreased student enrollment and low per-pupil funding from the state. The state provides school districts with $6,160 per student, using average daily enrollment to determine the total amount. That per-pupil number hasn't changed since 2019, despite inflation, and John Allison, the district's chief operating officer, said the allotment would need to increase by more than $1,400 per student to maintain the same funding levels from six years ago. Over that same six-year period, Keller's fund balance — essentially the district's checking account balance — declined by approximately $35 million. Today it stands at around $47 million, just above the 'critical level' of $46.5 million, according to Allison. 'We don't have a lot of wiggle room,' he said. RSM found that Keller's revenues exceeded its expenditures from 2016 until 2021. By 2023, the budget shortfall was nearly $30 million. Consecutive deficits resulted in the Texas Education Agency downgrading the Keller school district's fiscal rating from a B to a C. It also received a 'negative' rating from Moody's. RSM found no evidence of impropriety, but it found that former superintendent Rick Westfall and the former CFO were not transparent in the budget process while taking an aggressive approach to revenue projections, mistakenly believing that enrollment would increase after COVID. They also believed that more revenue would come from the state legislature, but that did not materialize, the firm found. Westfall led the district from 2017 until his resignation in 2023. He was replaced by Tracy Johnson, who parted ways with the district this week. Following the budget analysis, the district hired Austin-based educational consultants MoakCasey to conduct an analysis on the revenue impact of a split district along U.S. 377. Keller is the fourth-largest school district in Tarrant County, with more than 34,000 students in Keller, Fort Worth, Colleyville, Haltom City, Hurst, North Richland Hills, Southlake, Watauga and Westlake; 27 of its 42 campuses are in Fort Worth, where almost 70% of the district's residents live. Every district school in Keller, Colleyville and Southlake received an 'A' rating from the state in 2022, the most recent accountability scorecard, while only three Fort Worth campuses earned the highest mark. If Keller was split in two, the western half would have an average daily attendance of 21,718 students, and the eastern half would have an average daily attendance of 9,105, according to the consultants. According to Josh Haney, MoakCasey's senior vice president of finance, the current levels of state and local funding would remain roughly the same for each side of a divided district: $10,204 per student on the west side and $9,244 in Keller. That is because, according to Haney, 'funds follow the student.' The MoakCasey report showed that the western side of the district would receive significantly more state money for services like special education, compensatory education for low-income students and bilingual education, owing to the differences in demographics between the east and west. However, as Haney noted, that wouldn't directly impact funding for individual campuses since those are precisely the types of funds that 'follow the student.' MoakCasey's findings spurred district board trustee Joni Shaw Smith to ask, 'If revenues will stay about the same ... why would we want to split?' That question was met by applause from those in the audience. Smith went on to ask about the potential negative impact of the split on expenditures, such as service contracts that would need to be renegotiated, possibly at a higher rate, after the division. Haney said that MoakCasey wasn't tasked with looking at expenditures, so the firm had no answers. Five of the Keller school district's seven trustees live in the city of Keller. Joni Shaw Smith and Chelsea Kelly live in Fort Worth. They are the only board members who have spoken out against the plan to split. During a meeting on Jan. 16, President Charles Randklev announced committees would study a proposal to split the district. Ashley Fiddelke, a resident who spoke during public comments, pointed to rankings compiled by the analytics site Niche showing all but four of the 25 highest-performing school districts in Texas have fewer than 25,000 students. However, the Katy school district, which is ranked seventh in Texas, has an enrollment of more than 92,000, so it's unclear how much of an impact enrollment has on performance. Other pro-split residents, as well as some board members, said the split would allow for more direct oversight of schools, although the trustees did not elaborate on what that would look like.
