Wellington Management Group LLP Lowers Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Wellington Management Group LLP lowered its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,688,693 shares of the financial services provider's stock after selling 30,271 shares during the quarter. Wellington Management Group LLP owned approximately 1.86% of Home Bancshares, Inc. (Conway, AR) worth $99,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. grew its position 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 worth $33,000 after acquiring an additional 795 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 427 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 528 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $76,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the second quarter valued at approximately $75,000. Institutional investors own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.2 %

HOMB stock traded up $0.07 during midday trading on Tuesday, hitting $30.48. The stock had a trading volume of 747,661 shares, compared to its average volume of 972,052. 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 firm has a market cap of $6.06 billion, a P/E ratio of 15.84 and a beta of 1.08. The business has a fifty day moving average price of $28.86 and a two-hundred day moving average price of $26.77. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same period in the prior year, the firm earned $0.47 earnings per share. 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 2.04 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 40.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stephens boosted their target price 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Piper Sandler raised their price objective on 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of "Hold" and a consensus target price of $30.50.

Insider Activity

In related news, Director James Pat Hickman sold 63,997 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares of the company's stock, valued at approximately $5,400,135. This represents a 26.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the chief accounting officer now directly owns 3,468 shares of the company's stock, valued at $104,664.24. This trade represents a 36.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock worth $2,782,548 in the last quarter. 7.66% of the stock is owned by corporate insiders.

About Home Bancshares, Inc. (Conway, AR)

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.