Stephens Inc. AR Cuts Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Stephens Inc. AR lessened its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 17.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 317,318 shares of the financial services provider's stock after selling 68,356 shares during the quarter. Stephens Inc. AR owned about 0.16% of Home Bancshares, Inc. (Conway, AR) worth $8,596,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its holdings in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider's stock valued at $588,000 after buying an additional 1,460 shares during the last quarter. Tectonic Advisors LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd quarter. Tectonic Advisors LLC now owns 60,003 shares of the financial services provider's stock valued at $1,625,000 after buying an additional 4,004 shares during the last quarter. Dakota Wealth Management acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at $208,000. International Assets Investment Management LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider's stock worth $352,520,000 after purchasing an additional 1,253,259 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.9% during the third quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider's stock worth $87,789,000 after purchasing an additional 28,604 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.5 %

Home Bancshares, Inc. (Conway, AR) stock traded down $0.13 during midday trading on Friday, reaching $27.16. The stock had a trading volume of 757,170 shares, compared to its average volume of 969,681. Home Bancshares, Inc. has a twelve month low of $20.45 and a twelve month high of $28.99. The stock has a market capitalization of $5.42 billion, a PE ratio of 14.00 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 stock's 50-day simple moving average is $27.04 and its 200 day simple moving average is $25.57.

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 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 firm 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 business posted $0.47 EPS. Home Bancshares, Inc. (Conway, AR)'s revenue was up 5.2% compared to the same quarter last year. Analysts expect that Home Bancshares, Inc. will post 2.05 EPS for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 40.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price objective 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. Royal Bank of Canada restated 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. Stephens raised their price objective 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. Finally, StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $28.25.

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.