Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Holdings Reduced by State Street Corp

State Street Corp cut its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,651,612 shares of the financial services provider's stock after selling 47,495 shares during the quarter. State Street Corp owned about 4.35% of Home Bancshares, Inc. (Conway, AR) worth $234,372,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 426.7% in the second quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider's stock valued at $1,229,000 after buying an additional 41,551 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 114,821 shares of the financial services provider's stock valued at $2,751,000 after acquiring an additional 17,993 shares during the period. Raymond James & Associates lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 6.9% during the 2nd quarter. Raymond James & Associates now owns 123,500 shares of the financial services provider's stock valued at $2,959,000 after acquiring an additional 7,958 shares in the last quarter. Everhart Financial Group Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 23.0% during the 2nd quarter. Everhart Financial Group Inc. now owns 13,866 shares of the financial services provider's stock worth $332,000 after purchasing an additional 2,597 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider's stock valued at $51,919,000 after purchasing an additional 11,499 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Royal Bank of Canada reissued a "sector perform" rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Stephens increased their price objective on shares of 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. Keefe, Bruyette & Woods boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler boosted their price objective 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.50.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.9 %

Shares of HOMB stock traded down $0.29 during mid-day trading on Thursday, reaching $30.33. 595,612 shares of the company were exchanged, compared to its average volume of 969,297. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The business's 50 day simple moving average is $29.12 and its 200 day simple moving average is $26.87. The company has a market capitalization of $6.03 billion, a P/E ratio of 15.63 and a beta of 1.08. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)'s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. Research analysts predict that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 40.21%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) 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 in the company, valued at $5,999,753.40. The trade was a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now owns 3,468 shares in the company, valued at $104,664.24. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock worth $2,782,548 over the last quarter. 7.66% of the stock is owned by corporate insiders.

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.