International Assets Investment Management LLC Sells 1,253,259 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

International Assets Investment Management LLC decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 96.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,036 shares of the financial services provider's stock after selling 1,253,259 shares during the quarter. International Assets Investment Management LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,336,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HOMB. Central Pacific Bank Trust Division lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 13.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider's stock valued at $188,000 after acquiring an additional 780 shares during the period. Franklin Resources Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth about $254,000. Sunbelt Securities Inc. lifted its position in 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 period. Geode Capital Management LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the 3rd 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. Finally, Barclays PLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock worth $11,458,000 after buying an additional 166,927 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HOMB. Keefe, Bruyette & Woods increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued a "sector perform" rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Stephens increased their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Finally, Piper Sandler raised their target price on 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.50.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.3 %

Shares of HOMB traded up $0.09 during trading hours on Thursday, reaching $28.00. The stock had a trading volume of 934,267 shares, compared to its average volume of 829,793. The company has a market cap of $5.57 billion, a P/E ratio of 14.43 and a beta of 1.10. 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 0.91 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average of $29.75 and a 200 day moving average of $27.62.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter last year, the company earned $0.47 earnings per share. The firm's revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts expect 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. Investors of record on Wednesday, November 13th were given a $0.195 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.79%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 40.21%.

Insider Buying and Selling

In other news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction dated 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 directly owns 175,500 shares in the company, valued at $5,400,135. This represents a 26.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack Engelkes sold 25,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the transaction, the director now owns 199,195 shares of the company's stock, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,997 shares of company stock valued at $2,782,548. Company insiders own 7.66% of the company's stock.

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.