Lathrop Investment Management Corp Sells 1,034 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Lathrop Investment Management Corp lessened its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,748 shares of the financial services provider’s stock after selling 1,034 shares during the quarter. Lathrop Investment Management Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Gilliland Jeter Wealth Management LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $2,478,000. Headlands Technologies LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $35,000. Bahl & Gaynor Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 875,757 shares of the financial services provider’s stock valued at $22,183,000 after buying an additional 16,835 shares during the period. Bailard Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $203,000. Finally, Wedge Capital Management L L P NC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 3.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 100,354 shares of the financial services provider’s stock valued at $2,542,000 after buying an additional 3,343 shares during the period. Institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Stephens upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Piper Sandler upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 19th. 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, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and an average target price of $26.00.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.4 %

Shares of NYSE:HOMB traded down $0.10 during midday trading on Friday, hitting $24.42. 686,416 shares of the company’s stock were exchanged, compared to its average volume of 915,510. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a 50 day moving average price of $23.66 and a 200-day moving average price of $23.25. The company has a market cap of $4.91 billion, a PE ratio of 12.59 and a beta of 1.11. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same period in the prior year, the firm posted $0.54 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Home Bancshares, Inc. will post 1.93 EPS 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, June 5th. Shareholders of record on Wednesday, May 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Brian Davis sold 20,544 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,606 shares of company stock valued at $1,101,008. Corporate 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.