Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 15.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,034,645 shares of the financial services provider's stock after selling 186,825 shares during the period. JPMorgan Chase & Co. owned about 0.52% of Home Bancshares, Inc. (Conway, AR) worth $28,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider's stock valued at $8,544,000 after purchasing an additional 28,761 shares during the period. LMR Partners LLP purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $493,000. Citigroup Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 12.2% in the 3rd quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider's stock worth $7,831,000 after acquiring an additional 31,493 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% during the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock worth $647,000 after acquiring an additional 17,563 shares during the period. Finally, Creative Planning grew its stake in Home Bancshares, Inc. (Conway, AR) by 38.2% in the second quarter. Creative Planning now owns 601,926 shares of the financial services provider's stock worth $14,422,000 after purchasing an additional 166,324 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, 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 transaction of $60,360.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,468 shares of the company's stock, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Pat Hickman sold 63,997 shares of the company'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 sale, the director now directly owns 175,500 shares in the company, valued at $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,997 shares of company stock valued at $2,782,548. Insiders own 7.66% of the company's stock.

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

Shares of NYSE HOMB traded up $0.09 during trading hours on Wednesday, hitting $28.00. 934,267 shares of the stock were exchanged, compared to its average volume of 829,793. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90. The firm has a fifty day moving average price of $29.74 and a 200-day moving average price of $27.61. 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 company has a market cap of $5.57 billion, a PE ratio of 14.43 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its 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). The business had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. On average, sell-side analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 40.21%.

Analysts Set New Price Targets

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

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.