Corient Private Wealth LLC Sells 10,136 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Corient Private Wealth LLC lowered its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,126 shares of the financial services provider's stock after selling 10,136 shares during the quarter. Corient Private Wealth LLC owned about 0.05% of Home Bancshares, Inc. (Conway, AR) worth $2,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock valued at $1,979,000 after purchasing an additional 374 shares in the last quarter. Everhart Financial Group Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% during the 4th quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock valued at $568,000 after buying an additional 409 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider's stock valued at $2,326,000 after acquiring an additional 481 shares during the last quarter. Pacer Advisors Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after acquiring an additional 540 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider's stock valued at $294,000 after purchasing an additional 554 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

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Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price objective 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 report on Wednesday, December 4th. Hovde Group reduced their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Finally, Stephens restated an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.4 %

Shares of NYSE HOMB traded down $0.13 during trading hours on Thursday, reaching $28.58. The stock had a trading volume of 991,499 shares, compared to its average volume of 948,200. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.91. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 14.15 and a beta of 1.08. The business's fifty day moving average price is $29.56 and its two-hundred day moving average price is $28.87. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). The firm 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 return on equity of 10.31% and a net margin of 27.39%. Home Bancshares, Inc. (Conway, AR)'s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.73%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 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.