Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,339 shares of the financial services provider's stock after selling 79,054 shares during the period. Great Lakes Advisors LLC owned approximately 0.07% of Home Bancshares, Inc. (Conway, AR) worth $3,858,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $40,000. Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $53,000. UMB Bank n.a. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after purchasing an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $60,000. Finally, Point72 Hong Kong Ltd purchased a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $76,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were acquired 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 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.66% of the company's stock.

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

Shares of HOMB traded up $0.27 during mid-day trading on Wednesday, reaching $28.63. 1,126,978 shares of the company's stock were exchanged, compared to its average volume of 1,081,361. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 14.17 and a beta of 1.08. The company has a 50-day simple moving average of $29.52 and a two-hundred day simple moving average of $28.83. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-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.

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

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 38.61%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Stephens reissued an "overweight" rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Hovde Group cut their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.