Stephens Inc. AR Sells 38,583 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Stephens Inc. AR decreased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,735 shares of the financial services provider’s stock after selling 38,583 shares during the quarter. Stephens Inc. AR owned about 0.14% of Home Bancshares, Inc. (Conway, AR) worth $7,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. raised its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares during the period. GAMMA Investing LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 427 shares during the period. Trust Co. of Vermont acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $40,000. Blue Trust Inc. boosted its position 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 Hong Kong Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter worth $76,000. Institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

HOMB has been the subject of a number of research reports. Hovde Group cut their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Stephens restated an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler boosted their price target on 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.0 %

Shares of HOMB stock opened at $30.86 on Monday. The stock has a market cap of $6.14 billion, a P/E ratio of 15.28 and a beta of 1.10. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. 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 stock has a 50 day simple moving average of $29.53 and a 200 day simple moving average of $28.39.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its 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 company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.53%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the sale, the director now owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John W. Allison purchased 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, with a total value of $307,600.00. Following the acquisition, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The disclosure for this purchase can be found here. Insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) 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.