Mount Yale Investment Advisors LLC Has $264,000 Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Mount Yale Investment Advisors LLC trimmed its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,323 shares of the financial services provider’s stock after selling 1,873 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after buying an additional 374 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 427 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after purchasing an additional 481 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares during the last quarter. Finally, Inspire Investing LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% during the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 529 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HOMB shares. Royal Bank of Canada restated a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Stephens reissued an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Piper Sandler raised their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Hovde Group reduced their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Finally, Keefe, Bruyette & Woods increased their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Insiders Place Their Bets

In other news, CEO John W. Allison purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director James Pat Hickman sold 63,997 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. This represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,997 shares of company stock valued at $2,782,548. Company insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.6 %

NYSE HOMB opened at $30.27 on Thursday. The stock has a market capitalization of $6.02 billion, a P/E ratio of 14.98 and a beta of 1.10. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock has a fifty day moving average of $29.69 and a 200-day moving average of $28.21.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, equities research analysts forecast that Home Bancshares, Inc. will post 2.18 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.58%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.61%.

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.