The Manufacturers Life Insurance Company Sells 7,589 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

The Manufacturers Life Insurance Company reduced its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,158 shares of the financial services provider’s stock after selling 7,589 shares during the quarter. The Manufacturers Life Insurance Company owned 0.11% of Home Bancshares, Inc. (Conway, AR) worth $5,991,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 795 shares in the last quarter. GAMMA Investing LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after buying an additional 427 shares during the period. Blue Trust Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after buying an additional 528 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth about $75,000. Finally, nVerses Capital LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at about $187,000. 67.31% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.8 %

NYSE HOMB opened at $31.01 on Friday. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $6.16 billion, a P/E ratio of 15.98 and a beta of 1.08. The stock’s 50-day moving average is $28.71 and its 200-day moving average is $26.64.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

Analyst Ratings Changes

HOMB has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Piper Sandler boosted 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 note on Friday, October 18th. Stephens upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.50.

Insider Activity

In other news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares of the company’s stock, valued at $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the sale, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,997 shares of company stock valued at $2,782,548 in the last quarter. Company insiders own 7.66% of the company’s stock.

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.