Central Pacific Bank Trust Division Has $159,000 Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Central Pacific Bank Trust Division decreased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 22.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,860 shares of the financial services provider’s stock after selling 1,740 shares during the period. Central Pacific Bank Trust Division’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $159,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Point72 DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $75,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $212,000. Creative Planning increased its holdings 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 acquiring an additional 166,324 shares during the last quarter. Algert Global LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $461,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $287,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

Shares of HOMB stock opened at $26.51 on Friday. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99. The company has a market capitalization of $5.31 billion, a P/E ratio of 13.66 and a beta of 1.05. The stock has a 50 day moving average of $26.92 and a two-hundred day moving average of $25.11. 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. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data 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 company had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. During the same quarter last year, the firm earned $0.51 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts expect that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Wednesday, August 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of analyst reports. Piper Sandler increased 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 raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Stephens reaffirmed an “overweight” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Finally, Royal Bank of Canada raised their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and an average price target of $27.25.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other news, CFO Brian Davis sold 15,391 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 $26.89, for a total transaction 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value of $682,101.00. Following the sale, the insider now owns 114,912 shares of the company’s stock, valued at $3,102,624. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Davis sold 15,391 shares of the business’s 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 sale, the chief financial officer now directly owns 89,192 shares in the company, valued at approximately $2,398,372.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is owned by insiders.

Home Bancshares, Inc. (Conway, AR) Company 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.