Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Greenwood Gearhart Inc.

Greenwood Gearhart Inc. lowered its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 10.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 238,654 shares of the financial services provider’s stock after selling 27,813 shares during the quarter. Greenwood Gearhart Inc. owned about 0.12% of Home Bancshares, Inc. (Conway, AR) worth $5,718,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HOMB. M&T Bank Corp grew its position in Home Bancshares, Inc. (Conway, AR) by 6.6% during the 4th quarter. M&T Bank Corp now owns 13,185 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 822 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,561,671 shares of the financial services provider’s stock valued at $39,557,000 after acquiring an additional 21,894 shares during the period. Dimensional Fund Advisors LP boosted its position in Home Bancshares, Inc. (Conway, AR) by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock worth $139,240,000 after purchasing an additional 432,091 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $359,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

HOMB has been the topic of several analyst reports. Stephens restated an “overweight” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Finally, Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.25.

Insiders Place Their Bets

In related news, insider Kevin Hester sold 25,263 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the sale, the insider now owns 114,912 shares of the company’s stock, valued at $3,102,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total transaction of $682,101.00. Following the completion of the sale, the insider now owns 114,912 shares of the company’s stock, valued at $3,102,624. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brian Davis sold 15,391 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,398,372.88. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.1 %

Shares of HOMB opened at $26.71 on Wednesday. The firm’s fifty day moving average is $26.49 and its two-hundred day moving average is $24.69. The stock has a market cap of $5.33 billion, a PE ratio of 13.76 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $254.60 million during the quarter, compared to the consensus estimate of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Research analysts forecast that Home Bancshares, Inc. will post 2.07 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were issued a $0.195 dividend. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 2.92%. The ex-dividend date was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

About Home Bancshares, Inc. (Conway, AR)

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.