SG Americas Securities LLC Decreases Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

SG Americas Securities LLC lowered its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 79.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,715 shares of the financial services provider’s stock after selling 40,574 shares during the quarter. SG Americas Securities LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $290,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Point72 DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth $75,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $212,000. Creative Planning raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% during the 2nd quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after buying an additional 166,324 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $461,000. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $287,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HOMB. Stephens upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday. Piper Sandler upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday. StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday. One equities 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’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average price target of $28.25.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $26.69 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $28.99. The firm has a market capitalization of $5.35 billion, a P/E ratio of 13.76 and a beta of 1.05. The company’s 50-day moving average is $26.89 and its 200 day moving average is $25.33.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts forecast that Home Bancshares, Inc. will post 2.07 EPS for the current 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 paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.92%. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

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.