Jane Street Group LLC Has $6.48 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Jane Street Group LLC raised its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 26.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 239,234 shares of the financial services provider's stock after buying an additional 50,589 shares during the quarter. Jane Street Group LLC owned approximately 0.12% of Home Bancshares, Inc. (Conway, AR) worth $6,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 426.7% in the 2nd quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider's stock valued at $1,229,000 after acquiring an additional 41,551 shares during the period. Raymond James & Associates raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 6.9% during the second quarter. Raymond James & Associates now owns 123,500 shares of the financial services provider's stock valued at $2,959,000 after purchasing an additional 7,958 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 23.0% in the second 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 period. Bank of New York Mellon Corp grew its position in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider's stock valued at $51,919,000 after buying an additional 11,499 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 48.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 286,618 shares of the financial services provider's stock valued at $6,867,000 after buying an additional 93,766 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following 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. Over the last ninety days, insiders sold 90,997 shares of company stock valued at $2,782,548. 7.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HOMB. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Royal Bank of Canada reissued a "sector perform" rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Piper Sandler increased their price target 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. Stephens lifted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods upped their price objective on 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.50.

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

Home Bancshares, Inc. (Conway, AR) stock traded up $0.02 during mid-day trading on Friday, hitting $30.35. The company's stock had a trading volume of 606,048 shares, compared to its average volume of 967,486. The stock has a market capitalization of $6.03 billion, a P/E ratio of 15.64 and a beta of 1.08. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The stock's fifty day moving average price is $29.20 and its two-hundred day moving average price is $26.97. 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 earnings results 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 return on equity of 10.33% and a net margin of 26.69%. The company had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business's revenue was up 5.2% compared to the same quarter last year. Research analysts forecast that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The business also recently disclosed 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 of this dividend was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.57%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 40.21%.

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.