Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,272 shares of the financial services provider’s stock after selling 2,115 shares during the period. State of Alaska Department of Revenue’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth $31,000. Ronald Blue Trust Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 84.4% during the third quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 771 shares during the period. Money Concepts Capital Corp acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $72,000. Point72 Middle East FZE purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $136,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 12.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

In other news, CEO John W. Allison purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the transaction, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Allison bought 20,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was bought at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the purchase, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The disclosure for this purchase can be found here. 7.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HOMB has been the subject of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday. Piper Sandler raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.00.

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

Shares of NYSE:HOMB opened at $22.93 on Friday. The company has a market cap of $4.61 billion, a P/E ratio of 11.76 and a beta of 1.11. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The business’s 50-day simple moving average is $23.59 and its 200 day simple moving average is $23.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The company had revenue of $245.62 million during the quarter, compared to the consensus estimate of $238.50 million. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 1.88 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 36.92%.

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.