DecisionPoint Financial LLC Sells 26,582 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

DecisionPoint Financial LLC reduced its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 748,467 shares of the financial services provider's stock after selling 26,582 shares during the quarter. Home Bancshares, Inc. (Conway, AR) makes up 6.5% of DecisionPoint Financial LLC's investment portfolio, making the stock its 5th largest holding. DecisionPoint Financial LLC owned approximately 0.38% of Home Bancshares, Inc. (Conway, AR) worth $21,182,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 795 shares during the period. GAMMA Investing LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 427 shares during the period. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $40,000. Blue Trust Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock worth $49,000 after acquiring an additional 528 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $60,000. Institutional investors own 67.31% of the company's stock.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the sale, the director now owns 175,500 shares in the company, valued at $5,400,135. The trade was a 26.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HOMB shares. Piper Sandler boosted 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 report on Friday, October 18th. Hovde Group cut their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Keefe, Bruyette & Woods lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Royal Bank of Canada restated a "sector perform" rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Stephens reaffirmed an "overweight" rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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

Shares of HOMB traded up $0.05 during mid-day trading on Thursday, reaching $30.45. The company had a trading volume of 902,403 shares, compared to its average volume of 1,136,186. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The company has a market capitalization of $6.05 billion, a P/E ratio of 15.07 and a beta of 1.10. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The company's 50-day moving average is $29.49 and its 200-day moving average is $28.44.

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

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.56%. 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.