Point72 Asset Management L.P. Sells 5,263 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Point72 Asset Management L.P. reduced its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 45.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,337 shares of the financial services provider’s stock after selling 5,263 shares during the quarter. Point72 Asset Management L.P.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $152,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HOMB. EntryPoint Capital LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter worth $31,000. Point72 DIFC Ltd bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth about $75,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter valued at about $81,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at about $129,000. Finally, Central Pacific Bank Trust Division bought a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at about $168,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HOMB has been the subject of a number of research analyst reports. Royal Bank of Canada boosted their price objective 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 upped their price objective on 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. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Stephens reissued an “overweight” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $27.25.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.8 %

Shares of NYSE:HOMB opened at $26.51 on Friday. The business’s 50 day simple moving average is $26.92 and its 200 day simple moving average is $25.13. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $28.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $5.31 billion, a P/E ratio of 13.66 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. On average, research analysts anticipate that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders 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. This represents a $0.78 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

Insider Activity

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

Home Bancshares, Inc. (Conway, AR) 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.