Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning lessened its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 34.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,833 shares of the financial services provider’s stock after selling 6,662 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. State of Michigan Retirement System boosted its holdings 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. Allspring Global Investments Holdings LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $4,738,000. Kwmg LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% during the 1st quarter. Kwmg LLC now owns 242,958 shares of the financial services provider’s stock valued at $5,969,000 after acquiring an additional 4,877 shares in the last quarter. BTC Capital Management Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $339,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% during the 4th quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after acquiring an additional 590,301 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $23.70 on Thursday. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 12.22 and a beta of 1.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s fifty day moving average price is $23.77 and its 200 day moving average price is $23.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its 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. The company had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The company’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, research analysts forecast that Home Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 37.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Stephens lifted 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 report on Friday, April 19th. Finally, StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Saturday, June 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, 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. Insiders own 7.66% of the company’s stock.

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.