Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stake Decreased by Stephens Inc. AR

Stephens Inc. AR lessened its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 17.7% during the third quarter, Holdings Channel reports. The institutional investor owned 317,318 shares of the financial services provider’s stock after selling 68,356 shares during the quarter. Stephens Inc. AR’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $8,596,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in 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 worth $35,000 after acquiring an additional 427 shares during the period. Blue Trust Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 528 shares during the period. Inspire Investing LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 3.6% during the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 529 shares during the period. Bank of Montreal Can increased its position in Home Bancshares, Inc. (Conway, AR) by 4.0% during the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 701 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of 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. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of 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 shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $28.25.

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

Shares of HOMB opened at $27.17 on Friday. The company has a market cap of $5.43 billion, a P/E ratio of 14.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $27.05 and a two-hundred day simple moving average of $25.54. Home Bancshares, Inc. has a one year low of $20.45 and a one year high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $258.90 million. During the same period in the previous year, the company posted $0.47 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts forecast that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.87%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

About Home Bancshares, Inc. (Conway, AR)

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.