Financial Management Professionals Inc. Has $2.54 Million Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Financial Management Professionals Inc. trimmed its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,900 shares of the financial services provider's stock after selling 10,023 shares during the period. Financial Management Professionals Inc.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in 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 valued at $156,946,000 after buying an additional 490,718 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 1.4% in the third quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider's stock valued at $120,983,000 after purchasing an additional 60,588 shares during the last quarter. Copeland Capital Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.9% in the third quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider's stock valued at $87,789,000 after purchasing an additional 28,604 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider's stock valued at $55,430,000 after purchasing an additional 134,741 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,765,799 shares of the financial services provider's stock worth $47,835,000 after purchasing an additional 47,259 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

HOMB has been the subject of a number of recent analyst reports. Piper Sandler raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. 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. Keefe, Bruyette & Woods upped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. 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 research report on Friday. Finally, Stephens reissued an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

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

In other news, Director James Pat Hickman sold 63,997 shares of the business's 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 of the company's stock, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares of the company's stock, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,997 shares of company stock worth $2,782,548 in the last ninety days. 7.66% of the stock is owned by insiders.

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

NYSE HOMB traded up $0.99 during trading hours on Friday, reaching $30.43. The company's stock had a trading volume of 1,782,080 shares, compared to its average volume of 830,528. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $29.78 and a 200 day simple moving average of $27.89. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The stock has a market cap of $6.05 billion, a PE ratio of 15.69 and a beta of 1.10.

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 analysts' consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. 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 firm earned $0.43 EPS. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts predict that Home Bancshares, Inc. will post 2.03 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were issued a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.56%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.61%.

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.