Bank of New York Mellon Corp Decreases Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Bank of New York Mellon Corp decreased its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,797,498 shares of the financial services provider’s stock after selling 47,794 shares during the period. Bank of New York Mellon Corp owned about 0.90% of Home Bancshares, Inc. (Conway, AR) worth $50,869,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd grew its position in Home Bancshares, Inc. (Conway, AR) by 193.6% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 21,755 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 14,346 shares during the period. Hudson Edge Investment Partners Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 22.2% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 40,486 shares of the financial services provider’s stock worth $1,146,000 after buying an additional 7,357 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 31.7% during the fourth quarter. Handelsbanken Fonder AB now owns 51,555 shares of the financial services provider’s stock valued at $1,459,000 after purchasing an additional 12,400 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth approximately $619,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $127,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $28.98 on Thursday. The firm’s fifty day moving average is $29.50 and its 200 day moving average is $28.76. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 14.35 and a beta of 1.10. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.69%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 38.61%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stephens reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Hovde Group reduced their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods raised their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.66% of the stock is currently 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.