UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 51,086 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 11.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 383,123 shares of the financial services provider's stock after selling 51,086 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Home Bancshares, Inc. (Conway, AR) worth $10,379,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock worth $33,000 after buying an additional 795 shares during the period. GAMMA Investing LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock worth $35,000 after buying an additional 427 shares during the period. Blue Trust Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock worth $49,000 after buying an additional 528 shares during the period. Point72 DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the second quarter worth about $75,000. Finally, nVerses Capital LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth about $187,000. Institutional investors own 67.31% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HOMB. 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 research note 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, November 6th. Keefe, Bruyette & Woods increased their target price on 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. Stephens increased 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 report on Friday, October 18th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $30.50.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.9 %

Shares of Home Bancshares, Inc. (Conway, AR) stock traded down $0.60 on Monday, reaching $30.41. The company had a trading volume of 874,971 shares, compared to its average volume of 972,999. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 15.68 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. The firm's 50-day moving average price is $28.86 and its two-hundred day moving average price is $26.77. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90.

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 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The company had revenue of $258.00 million during the quarter, compared to analysts' expectations 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 for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. As a group, research analysts predict that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 40.21%.

Insider Buying and Selling

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 on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the completion of the sale, the director now directly owns 199,195 shares of the company's stock, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business's stock in a transaction 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 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. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 90,997 shares of company stock valued at $2,782,548. Insiders own 7.66% of the company's stock.

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.