Bank of New York Mellon Corp Sells 47,794 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Bank of New York Mellon Corp cut its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Y Intercept Hong Kong Ltd grew its position in Home Bancshares, Inc. (Conway, AR) by 193.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 21,755 shares of the financial services provider's stock worth $616,000 after acquiring an additional 14,346 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 22.2% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 40,486 shares of the financial services provider's stock valued at $1,146,000 after buying an additional 7,357 shares during the last quarter. Handelsbanken Fonder AB boosted its position in Home Bancshares, Inc. (Conway, AR) by 31.7% in the 4th quarter. Handelsbanken Fonder AB now owns 51,555 shares of the financial services provider's stock valued at $1,459,000 after buying an additional 12,400 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $619,000. Finally, Venturi Wealth Management LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $127,000. 67.31% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison purchased 10,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, with a total value of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares of the company's stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.66% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on HOMB. Keefe, Bruyette & Woods increased 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. Hovde Group cut their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, Stephens reissued an "overweight" rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.7 %

Home Bancshares, Inc. (Conway, AR) stock traded up $0.20 during mid-day trading on Friday, hitting $28.92. 1,025,137 shares of the company's stock were exchanged, compared to its average volume of 1,098,458. The firm has a market capitalization of $5.74 billion, a P/E ratio of 14.31 and a beta of 1.08. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. 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's 50 day simple moving average is $29.51 and its 200-day simple moving average is $28.79.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, equities analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.61%.

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.