Financial Management Professionals Inc. Has $2.54 Million Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Financial Management Professionals Inc. cut its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,900 shares of the financial services provider’s stock after selling 10,023 shares during the quarter. Financial Management Professionals Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOMB. Trust Co. of Vermont bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $40,000. Harbor Capital Advisors Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock worth $1,979,000 after acquiring an additional 374 shares in the last quarter. Central Pacific Bank Trust Division raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 13.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 780 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $254,000. Finally, Sunbelt Securities Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 554 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Price Performance

HOMB stock opened at $30.43 on Friday. The company has a market capitalization of $6.05 billion, a P/E ratio of 15.69 and a beta of 1.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The business has a 50-day simple moving average of $29.78 and a two-hundred day simple moving average of $27.86.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) 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 analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Research analysts expect that Home Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

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

In related news, Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 175,500 shares in the company, valued at approximately $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the transaction, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,997 shares of company stock worth $2,782,548. Insiders own 7.66% of the company’s stock.

Analyst Ratings Changes

HOMB has been the subject of several research analyst reports. Hovde Group lowered their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Piper Sandler boosted 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. Keefe, Bruyette & Woods boosted their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens reaffirmed an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

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.