Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Position Decreased by Centennial Bank AR

Centennial Bank AR trimmed its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 268,398 shares of the financial services provider’s stock after selling 20,139 shares during the period. Home Bancshares, Inc. (Conway, AR) accounts for approximately 3.2% of Centennial Bank AR’s investment portfolio, making the stock its 5th biggest holding. Centennial Bank AR owned about 0.13% of Home Bancshares, Inc. (Conway, AR) worth $6,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HOMB. Wellington Management Group LLP lifted its stake in Home Bancshares, Inc. (Conway, AR) by 21.5% during the 4th quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after acquiring an additional 590,301 shares during the period. Dimensional Fund Advisors LP lifted its position in Home Bancshares, Inc. (Conway, AR) by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after purchasing an additional 490,718 shares during the period. AQR Capital Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 465.2% in the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after purchasing an additional 264,627 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 10.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock worth $53,363,000 after purchasing an additional 203,566 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at about $4,738,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

NYSE HOMB opened at $26.22 on Wednesday. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 13.52 and a beta of 1.05. The stock has a 50-day moving average of $27.08 and a 200 day moving average of $25.05. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $254.60 million during the quarter, compared to the consensus estimate of $247.26 million. During the same period in the prior year, the company posted $0.51 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts anticipate that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.97%. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped 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 research report on Friday, July 19th. 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. Finally, Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.25.

Insider Activity

In related news, insider Kevin Hester sold 25,263 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 114,912 shares in the company, valued at approximately $3,102,624. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on 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 sale 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 stock in a transaction on Friday, July 19th. The shares were sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The disclosure for this sale can be found here. 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.