Olstein Capital Management L.P. Has $1.79 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Olstein Capital Management L.P. cut its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 23.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,000 shares of the financial services provider's stock after selling 20,000 shares during the quarter. Olstein Capital Management L.P.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of 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 valued at $33,000 after acquiring an additional 795 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at approximately $31,000. GAMMA Investing LLC increased its holdings in shares of 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 valued at $35,000 after acquiring an additional 427 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 528 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 2nd quarter valued at approximately $75,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Down 4.4 %

Shares of HOMB traded down $1.34 during trading hours on Thursday, hitting $29.43. 1,355,787 shares of the company were exchanged, compared to its average volume of 976,921. The company has a market cap of $5.85 billion, a PE ratio of 15.47 and a beta of 1.05. The firm's 50 day moving average is $27.09 and its 200-day moving average is $25.70. Home Bancshares, Inc. has a 52 week low of $20.45 and a 52 week high of $30.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91.

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 for the quarter, missing the consensus estimate 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 the consensus estimate of $258.90 million. During the same quarter in the previous year, the company earned $0.47 EPS. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

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

The business also recently announced 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. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 40.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HOMB shares. Piper Sandler boosted their price objective 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. 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 research report on Friday, October 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Stephens boosted their price target 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $28.25.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other news, Director Jack Engelkes sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the transaction, the director now directly owns 199,195 shares of the company's stock, valued at approximately $5,999,753.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Jennifer C. Floyd sold 2,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares of the company's stock, valued at approximately $104,664.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the completion of the transaction, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

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.