Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is Centennial Bank AR's 9th Largest Position

Centennial Bank AR decreased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 24.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,511 shares of the financial services provider's stock after selling 65,887 shares during the period. Home Bancshares, Inc. (Conway, AR) makes up 2.5% of Centennial Bank AR's investment portfolio, making the stock its 9th largest holding. Centennial Bank AR owned approximately 0.10% of Home Bancshares, Inc. (Conway, AR) worth $5,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of HOMB. State of Michigan Retirement System boosted its stake in Home Bancshares, Inc. (Conway, AR) by 2.2% during the first quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider's stock worth $1,131,000 after acquiring an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 72.9% in the 1st quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider's stock worth $2,440,000 after purchasing an additional 41,872 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth approximately $168,000. Texas Permanent School Fund Corp increased its position in Home Bancshares, Inc. (Conway, AR) by 1.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,027 shares of the financial services provider's stock valued at $4,030,000 after buying an additional 1,927 shares in the last quarter. Finally, Tectonic Advisors LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 23.3% during the first quarter. Tectonic Advisors LLC now owns 52,839 shares of the financial services provider's stock valued at $1,298,000 after buying an additional 9,988 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

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

HOMB traded down $0.22 on Monday, hitting $26.94. 569,463 shares of the company's stock traded hands, compared to its average volume of 967,802. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 14.01 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a one year low of $20.45 and a one year high of $28.99. The company's 50 day simple moving average is $27.04 and its 200-day simple moving average is $25.61.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted 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 business had revenue of $258.00 million during the quarter, compared to analysts' expectations of $258.90 million. During the same period last year, the business posted $0.47 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Home Bancshares, Inc. will post 2.05 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders 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 dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 40.21%.

Analyst Upgrades and Downgrades

HOMB has been the subject of several recent analyst reports. Stephens lifted their target price on shares of 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 issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. StockNews.com lowered Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Piper Sandler lifted 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 note on Friday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of "Hold" and a consensus target price of $28.25.

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.