Stephens Inc. AR Sells 68,356 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Stephens Inc. AR cut its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 17.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 317,318 shares of the financial services provider’s stock after selling 68,356 shares during the period. Stephens Inc. AR owned approximately 0.16% of Home Bancshares, Inc. (Conway, AR) worth $8,596,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth $543,000. Harbor Capital Advisors Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock valued at $773,000 after acquiring an additional 24,052 shares during the period. BNP Paribas Financial Markets raised its stake in Home Bancshares, Inc. (Conway, AR) by 72.9% in the 1st quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider’s stock worth $2,440,000 after acquiring an additional 41,872 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 15.0% in the first quarter. Bessemer Group Inc. now owns 44,216 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 5,780 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.8% in the first quarter. Sei Investments Co. now owns 806,071 shares of the financial services provider’s stock valued at $19,805,000 after purchasing an additional 44,026 shares during the period. Institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HOMB shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Piper Sandler raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Stephens increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, StockNews.com lowered Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.4 %

NYSE HOMB opened at $27.17 on Friday. The firm’s fifty day moving average is $27.05 and its two-hundred day moving average is $25.54. Home Bancshares, Inc. has a one year low of $20.45 and a one year high of $28.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market cap of $5.43 billion, a PE ratio of 14.01 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same period last year, the company posted $0.47 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that Home Bancshares, Inc. will post 2.05 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.87%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

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.