Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Creative Planning

Creative Planning lowered its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 76.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,951 shares of the financial services provider's stock after selling 457,975 shares during the quarter. Creative Planning owned about 0.07% of Home Bancshares, Inc. (Conway, AR) worth $3,900,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock worth $35,000 after buying an additional 427 shares during the period. Inspire Investing LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider's stock worth $413,000 after buying an additional 529 shares during the period. Bank of Montreal Can increased its holdings in Home Bancshares, Inc. (Conway, AR) by 4.0% in the 2nd quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider's stock worth $438,000 after buying an additional 701 shares during the period. UMB Bank n.a. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock worth $33,000 after buying an additional 795 shares during the period. Finally, Arizona State Retirement System increased its holdings in Home Bancshares, Inc. (Conway, AR) by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 53,494 shares of the financial services provider's stock worth $1,282,000 after buying an additional 815 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HOMB shares. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Friday. Piper Sandler upped their price objective 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. Royal Bank of Canada restated a "sector perform" rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Stephens upped their price objective 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $28.25.

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

Shares of NYSE:HOMB traded down $0.28 during midday trading on Friday, reaching $26.87. 719,301 shares of the company's stock traded hands, compared to its average volume of 892,252. Home Bancshares, Inc. has a 1 year low of $19.87 and a 1 year high of $28.99. The company has a market cap of $5.37 billion, a P/E ratio of 13.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The company has a fifty day simple moving average of $26.98 and a two-hundred day simple moving average of $25.42.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $258.90 million. During the same quarter last year, the business earned $0.47 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts predict that Home Bancshares, Inc. will post 2.06 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.90%. 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.