Truist Financial Corp Sells 1,843 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Truist Financial Corp lowered its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,159 shares of the financial services provider’s stock after selling 1,843 shares during the quarter. Truist Financial Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HOMB. First Horizon Advisors Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 1,295.4% during the second quarter. First Horizon Advisors Inc. now owns 5,135 shares of the financial services provider’s stock valued at $107,000 after buying an additional 4,767 shares during the period. FMR LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.7% during the second quarter. FMR LLC now owns 6,667 shares of the financial services provider’s stock valued at $138,000 after buying an additional 1,051 shares during the period. Mackenzie Financial Corp purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the second quarter valued at about $269,000. Jane Street Group LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter valued at about $299,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 9.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 15,474 shares of the financial services provider’s stock valued at $321,000 after buying an additional 1,357 shares during the period. Hedge funds and other institutional investors own 59.78% of the company’s stock.

Wall Street Analyst Weigh In

HOMB has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Home Bancshares, Inc. (Conway, AR) in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods cut shares of Home Bancshares, Inc. (Conway, AR) from an “outperform” rating to a “market perform” rating and set a $28.00 price objective on the stock. in a report on Monday, December 12th.

Insider Activity

In other news, Director Richard H. Ashley sold 115,348 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $25.10, for a total transaction of $2,895,234.80. Following the sale, the director now owns 35,712 shares in the company, valued at $896,371.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Richard H. Ashley sold 115,348 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $25.10, for a total transaction of $2,895,234.80. Following the sale, the director now owns 35,712 shares in the company, valued at $896,371.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James Pat Hickman sold 10,900 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $25.50, for a total transaction of $277,950.00. Following the transaction, the director now owns 123,900 shares in the company, valued at approximately $3,159,450. The disclosure for this sale can be found here. Insiders have sold a total of 145,807 shares of company stock worth $3,670,979 over the last 90 days. 9.11% of the stock is currently owned by insiders.

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

Shares of HOMB opened at $22.43 on Monday. The stock has a market cap of $4.58 billion, a PE ratio of 15.36 and a beta of 1.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.81 and a current ratio of 0.81. Home Bancshares, Inc. has a fifty-two week low of $19.83 and a fifty-two week high of $26.20. The firm’s 50-day simple moving average is $23.63 and its two-hundred day simple moving average is $23.68.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) last posted its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.01% and a return on equity of 11.03%. The firm had revenue of $256.31 million for the quarter, compared to analysts’ expectations of $257.67 million. Analysts anticipate that Home Bancshares, Inc. will post 1.92 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Tuesday, November 15th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 45.21%.

Home Bancshares, Inc. (Conway, AR) Company Profile

(Get Rating)

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.