Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Creative Planning

Creative Planning reduced its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 76.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,951 shares of the financial services provider’s stock after selling 457,975 shares during the quarter. Creative Planning owned 0.07% of Home Bancshares, Inc. (Conway, AR) worth $3,900,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after acquiring an additional 490,718 shares during the period. Bank of New York Mellon Corp lifted its position in Home Bancshares, Inc. (Conway, AR) by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock worth $51,919,000 after purchasing an additional 11,499 shares during the period. Bahl & Gaynor Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 929,038 shares of the financial services provider’s stock valued at $22,260,000 after purchasing an additional 4,065 shares in the last quarter. Sei Investments Co. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 3.9% during the 2nd quarter. Sei Investments Co. now owns 837,676 shares of the financial services provider’s stock valued at $20,071,000 after purchasing an additional 31,605 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 4.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 823,752 shares of the financial services provider’s stock worth $19,737,000 after buying an additional 36,140 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

HOMB has been the subject of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Stephens lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Piper Sandler increased 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. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Friday. Three equities research 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 a consensus target price of $28.25.

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

Shares of HOMB opened at $26.89 on Friday. Home Bancshares, Inc. has a one year low of $19.87 and a one year high of $28.99. The company has a 50-day moving average of $26.98 and a two-hundred day moving average of $25.42. 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 stock has a market cap of $5.39 billion, a price-to-earnings ratio of 13.86 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, equities research analysts expect that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.90%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 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.