Raymond James & Associates Sells 13,100 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Raymond James & Associates cut its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) by 15.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,015 shares of the financial services provider’s stock after selling 13,100 shares during the period. Raymond James & Associates’ holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,576,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1,295.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 5,135 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 4,767 shares during the period. FMR LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 18.7% in the 2nd quarter. FMR LLC now owns 6,667 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 1,051 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth about $269,000. Jane Street Group LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth about $299,000. Finally, Islay Capital Management LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $323,000. 59.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HOMB shares. Keefe, Bruyette & Woods lowered Home Bancshares, Inc. (Conway, AR) from an “outperform” rating to a “market perform” rating and set a $28.00 price objective for the company. in a report on Monday, December 12th. StockNews.com started coverage on Home Bancshares, Inc. (Conway, AR) in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 12,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $25.50, for a total transaction of $306,000.00. Following the completion of the transaction, the director now owns 135,000 shares of the company’s stock, valued at approximately $3,442,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James Pat Hickman sold 12,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $25.50, for a total transaction of $306,000.00. Following the completion of the sale, the director now owns 135,000 shares in the company, valued at approximately $3,442,500. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard H. Ashley sold 115,348 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $25.10, for a total value of $2,895,234.80. Following the sale, the director now owns 35,712 shares of the company’s stock, valued at approximately $896,371.20. The disclosure for this sale can be found here. Insiders sold 145,807 shares of company stock valued at $3,670,979 in the last quarter. 9.11% of the stock is currently owned by corporate insiders.

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

HOMB stock opened at $22.45 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $4.58 billion, a PE ratio of 15.38 and a beta of 1.17. Home Bancshares, Inc. has a twelve month low of $19.83 and a twelve month high of $26.20. The stock has a 50-day simple moving average of $23.50 and a two-hundred day simple moving average of $23.69.

Home Bancshares, Inc. (Conway, AR) Profile

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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.