MCF Advisors LLC Cuts Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

MCF Advisors LLC cut its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 31.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,650 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. MCF Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $65,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kwmg LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 2.0% in the 1st quarter. Kwmg LLC now owns 242,958 shares of the financial services provider’s stock worth $5,969,000 after acquiring an additional 4,877 shares during the last quarter. BTC Capital Management Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter worth $339,000. Wellington Management Group LLP lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% during the fourth quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after purchasing an additional 590,301 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock valued at $53,363,000 after buying an additional 203,566 shares during the last quarter. Finally, Ranger Investment Management L.P. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 4th quarter. Ranger Investment Management L.P. now owns 1,373,430 shares of the financial services provider’s stock worth $34,789,000 after buying an additional 6,755 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 20,544 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the sale, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,186,987.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 20,544 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,186,987.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

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

NYSE HOMB opened at $23.96 on Friday. The company has a 50-day moving average price of $23.82 and a 200-day moving average price of $23.92. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.80 billion, a P/E ratio of 12.35 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same period last year, the firm earned $0.54 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Equities research analysts anticipate that Home Bancshares, Inc. will post 1.97 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HOMB. Stephens upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Finally, StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Saturday, June 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $26.00.

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