Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,534 shares of the financial services provider’s stock after selling 1,357 shares during the period. New York State Common Retirement Fund’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,939,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. MCF Advisors LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $98,000. Allspring Global Investments Holdings LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 12.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 702 shares during the period. Gradient Investments LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $182,000. Trust Point Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $249,000. Finally, Sunbelt Securities Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 1,616.7% in the third quarter. Sunbelt Securities Inc. now owns 10,300 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 9,700 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Finally, Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and a consensus target price of $26.00.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, the chief accounting officer now owns 1,000 shares in the company, valued at approximately $24,530. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,606 shares of company stock valued at $1,101,008. Insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.3 %

Shares of HOMB opened at $24.62 on Thursday. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The stock has a 50-day moving average price of $23.81 and a 200 day moving average price of $23.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.90. The company has a market capitalization of $4.93 billion, a P/E ratio of 12.69 and a beta of 1.09.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. Sell-side analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.92%. The ex-dividend date is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

Home Bancshares, Inc. (Conway, AR) 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.