Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by American International Group Inc.

American International Group Inc. lowered its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 346,824 shares of the financial services provider’s stock after selling 12,307 shares during the quarter. American International Group Inc. owned about 0.17% of Home Bancshares, Inc. (Conway, AR) worth $8,785,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HOMB. Quadrant Capital Group LLC lifted its holdings in shares of 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 buying an additional 677 shares during the period. Headlands Technologies LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $35,000. TFO Wealth Partners LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock valued at $42,000 after buying an additional 1,629 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,310 shares during the period. Finally, MCF Advisors LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $98,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Price Performance

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $23.11 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The business has a 50-day moving average price of $23.75 and a 200 day moving average price of $23.93. The firm has a market cap of $4.63 billion, a PE ratio of 11.91 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The company had revenue of $246.40 million during the quarter, compared to analyst estimates of $240.46 million. During the same period in the previous year, the business earned $0.54 EPS. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was down 1.0% on a year-over-year basis. Sell-side analysts predict that Home Bancshares, Inc. will post 1.97 earnings per share 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, June 5th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 3.12%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 37.11%.

Analyst Ratings Changes

HOMB has been the subject of several analyst reports. Stephens boosted their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and an average price target of $26.00.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the sale, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the sale, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The disclosure for this sale can be found here. In the last three months, insiders sold 45,606 shares of company stock worth $1,101,008. Corporate insiders own 7.66% of the company’s stock.

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.