Royce & Associates LP Sells 37,161 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Royce & Associates LP lessened its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 3.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,134,829 shares of the financial services provider's stock after selling 37,161 shares during the period. Royce & Associates LP owned 0.57% of Home Bancshares, Inc. (Conway, AR) worth $30,743,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HOMB. Victory Capital Management Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 5.4% during the third quarter. Victory Capital Management Inc. now owns 277,485 shares of the financial services provider's stock valued at $7,517,000 after purchasing an additional 14,305 shares during the last quarter. Aptus Capital Advisors LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 25.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 187,437 shares of the financial services provider's stock valued at $5,078,000 after buying an additional 37,549 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth $215,000. Los Angeles Capital Management LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 139.5% in the third quarter. Los Angeles Capital Management LLC now owns 31,812 shares of the financial services provider's stock worth $862,000 after acquiring an additional 18,530 shares in the last quarter. Finally, Atria Investments Inc bought a new position in Home Bancshares, Inc. (Conway, AR) in the third quarter valued at $215,000. Institutional investors own 67.31% of the company's stock.

Insider Activity

In related news, CAO Jennifer C. Floyd sold 2,000 shares of the firm's stock in a transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack Engelkes sold 25,000 shares of the 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 transaction, the director now directly owns 199,195 shares of the company's stock, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HOMB. Piper Sandler upped their target price on 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Finally, Stephens raised 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 note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has an average rating of "Hold" and an average price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.7 %

Shares of HOMB traded up $0.21 during mid-day trading on Friday, reaching $30.84. The company had a trading volume of 1,012,295 shares, compared to its average volume of 985,375. Home Bancshares, Inc. has a 52 week low of $21.70 and a 52 week high of $31.33. The firm has a 50-day moving average price of $27.36 and a 200 day moving average price of $25.90. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 15.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings data 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). 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 the consensus estimate of $258.90 million. During the same period last year, the company posted $0.47 earnings per share. The business's revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued 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 yield of 2.53%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 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.