Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock Holdings Cut by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 96.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 48,036 shares of the financial services provider’s stock after selling 1,253,259 shares during the quarter. International Assets Investment Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,336,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Central Pacific Bank Trust Division raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 13.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 780 shares during the period. Franklin Resources Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $254,000. Sunbelt Securities Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 5.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock worth $294,000 after buying an additional 554 shares during the period. Geode Capital Management LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 1.4% during the third quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock valued at $120,983,000 after buying an additional 60,588 shares in the last quarter. Finally, Barclays PLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 65.2% during the third quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after buying an additional 166,927 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

Shares of NYSE:HOMB opened at $28.00 on Thursday. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.90. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $5.57 billion, a P/E ratio of 14.43 and a beta of 1.10. The firm has a fifty day moving average of $29.74 and a two-hundred day moving average of $27.61.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $258.90 million. During the same quarter last year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were issued a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.79%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Pat Hickman sold 63,997 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares of the company’s stock, valued at $5,400,135. This represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,997 shares of company stock worth $2,782,548. Insiders own 7.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HOMB shares. Keefe, Bruyette & Woods upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler raised their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, Stephens lifted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.50.

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.