Advisors Asset Management Inc. Trims Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Advisors Asset Management Inc. trimmed its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Free Report) by 17.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,203 shares of the financial services provider’s stock after selling 12,860 shares during the period. Advisors Asset Management Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horrell Capital Management Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% during the 1st quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock worth $2,889,000 after purchasing an additional 588 shares during the period. Quadrant Capital Group LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 189.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 677 shares during the period. Strs Ohio raised its stake in Home Bancshares, Inc. (Conway, AR) by 4.5% during the 4th quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 800 shares during the last quarter. M&T Bank Corp lifted 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 acquiring an additional 822 shares during the period. Finally, State of Michigan Retirement System grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock valued at $1,131,000 after purchasing an additional 1,000 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

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

Home Bancshares, Inc. (Conway, AR) Trading Up 0.8 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $28.56 on Monday. The company has a 50-day moving average of $24.26 and a two-hundred day moving average of $24.00. The stock has a market cap of $5.72 billion, a PE ratio of 14.72 and a beta of 1.07. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $28.82. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Free Report) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th will be given a $0.195 dividend. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HOMB. Royal Bank of Canada increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Piper Sandler lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Stephens restated an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and a consensus target price of $27.25.

Get Our Latest Stock Analysis on Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc. (Conway, AR) Company Profile

(Free Report)

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.