Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock Holdings Trimmed by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,404 shares of the financial services provider’s stock after selling 1,054 shares during the quarter. Federated Hermes Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $441,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock worth $26,000 after buying an additional 677 shares in the last quarter. EntryPoint Capital LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $31,000. TFO Wealth Partners LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,629 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $129,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.5 %

HOMB stock opened at $27.56 on Tuesday. 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 firm has a market capitalization of $5.52 billion, a P/E ratio of 14.21 and a beta of 1.05. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $28.99. The company’s 50 day simple moving average is $27.08 and its 200-day simple moving average is $24.94.

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, beating analysts’ consensus estimates of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The company had revenue of $254.60 million during the quarter, compared to analyst estimates of $247.26 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts anticipate that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.83%. The ex-dividend date was Wednesday, August 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HOMB shares. 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. Royal Bank of Canada increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.25.

Insider Activity

In related news, CFO Brian Davis sold 15,391 shares of the business’s 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 transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the transaction, the chief financial officer now owns 89,192 shares in the company, valued at $2,398,372.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now directly owns 114,912 shares of the company’s stock, valued at $3,102,624. The disclosure for this sale can be found here. 7.66% of the stock is owned by corporate insiders.

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.