Clearbridge Investments LLC Sells 14,839 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Clearbridge Investments LLC lessened its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 867,497 shares of the financial services provider’s stock after selling 14,839 shares during the period. Clearbridge Investments LLC owned 0.43% of Home Bancshares, Inc. (Conway, AR) worth $20,785,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,629 shares during the period. Rafferty Asset Management LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 65.5% during the 4th quarter. Rafferty Asset Management LLC now owns 250,612 shares of the financial services provider’s stock worth $6,348,000 after buying an additional 99,216 shares during the period. Prudential PLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14.6% during the fourth quarter. Prudential PLC now owns 91,276 shares of the financial services provider’s stock worth $2,312,000 after buying an additional 11,606 shares in the last quarter. Ranger Investment Management L.P. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the fourth quarter. Ranger Investment Management L.P. now owns 1,373,430 shares of the financial services provider’s stock valued at $34,789,000 after acquiring an additional 6,755 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% in 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 acquiring an additional 203,566 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 1.8 %

Shares of HOMB stock opened at $26.51 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The firm has a market cap of $5.31 billion, a P/E ratio of 13.66 and a beta of 1.05. The company has a 50 day moving average of $26.92 and a 200-day moving average of $25.11. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $247.26 million. During the same period last year, the firm earned $0.51 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts anticipate that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were issued a $0.195 dividend. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.94%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HOMB. Stephens reaffirmed an “overweight” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Piper Sandler increased their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Royal Bank of Canada increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and a consensus target price of $27.25.

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

In related news, insider Kevin Hester sold 25,263 shares of the stock in a transaction on Friday, July 19th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Kevin Hester sold 25,263 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $27.00, for a total transaction of $682,101.00. Following the completion of the sale, the insider now directly owns 114,912 shares in the company, valued at $3,102,624. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian Davis sold 15,391 shares of the stock in a transaction on Friday, July 19th. The shares were sold at an average price of $26.89, for a total transaction of $413,863.99. Following the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

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.