Corebridge Financial Inc. Decreases Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Corebridge Financial Inc. decreased its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,557 shares of the financial services provider's stock after selling 18,431 shares during the period. Corebridge Financial Inc. owned about 0.15% of Home Bancshares, Inc. (Conway, AR) worth $8,506,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth approximately $722,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after acquiring an additional 120,691 shares during the period. Citigroup Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 12.2% during the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider's stock valued at $7,831,000 after acquiring an additional 31,493 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after acquiring an additional 324,664 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Home Bancshares, Inc. (Conway, AR) by 277.2% in the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock worth $647,000 after purchasing an additional 17,563 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

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Insiders Place Their Bets

In related news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

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

Shares of NYSE HOMB traded down $0.02 during midday trading on Tuesday, reaching $28.25. The stock had a trading volume of 896,734 shares, compared to its average volume of 999,534. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 13.99 and a beta of 1.08. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.91. The stock has a 50-day moving average of $29.42 and a 200-day moving average of $28.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89.

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

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.76%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 38.61%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HOMB. Hovde Group lowered their price objective on shares of 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. Keefe, Bruyette & Woods lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Stephens reissued an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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.