Holocene Advisors LP Reduces Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Holocene Advisors LP cut its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 33.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,381 shares of the financial services provider's stock after selling 31,688 shares during the period. Holocene Advisors LP's holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,744,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HOMB. Cetera Advisors LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at approximately $543,000. SG Americas Securities LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 426.7% in the second quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider's stock valued at $1,229,000 after purchasing an additional 41,551 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 114,821 shares of the financial services provider's stock valued at $2,751,000 after purchasing an additional 17,993 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 6.9% during the 2nd quarter. Raymond James & Associates now owns 123,500 shares of the financial services provider's stock worth $2,959,000 after purchasing an additional 7,958 shares during the period. Finally, Everhart Financial Group Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 23.0% during the 2nd quarter. Everhart Financial Group Inc. now owns 13,866 shares of the financial services provider's stock worth $332,000 after purchasing an additional 2,597 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HOMB shares. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Piper Sandler upped 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. Royal Bank of Canada reaffirmed 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. Keefe, Bruyette & Woods boosted their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday. Finally, Stephens raised their price target 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.50.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In related news, Director James Pat Hickman sold 63,997 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the transaction, the director now owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction 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 transaction, the chief accounting officer now directly owns 3,468 shares in the company, 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 have sold 90,997 shares of company stock valued at $2,782,548 in the last quarter. Corporate insiders own 7.66% of the company's stock.

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

Shares of HOMB stock remained flat at $31.01 during trading on Friday. 509,358 shares of the company were exchanged, compared to its average volume of 948,537. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The company has a fifty day simple moving average of $28.79 and a 200-day simple moving average of $26.70. The firm has a market cap of $6.16 billion, a P/E ratio of 15.98 and a beta of 1.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $258.90 million. During the same period in the prior year, the business earned $0.47 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.195 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.52%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 40.21%.

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.