Legacy Wealth Asset Management LLC Sells 8,118 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Legacy Wealth Asset Management LLC cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 42.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,096 shares of the financial services provider’s stock after selling 8,118 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $314,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after purchasing an additional 1,253,259 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Home Bancshares, Inc. (Conway, AR) by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after purchasing an additional 490,718 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% during the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after acquiring an additional 264,627 shares in the last quarter. Barclays PLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% during the third quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after acquiring an additional 166,927 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% during the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after acquiring an additional 166,324 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) 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 of the company’s stock, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. The trade was a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,997 shares of company stock worth $2,782,548. Corporate insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.4 %

NYSE:HOMB opened at $30.43 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average is $29.78 and its two-hundred day moving average is $27.83. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 15.69 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. Research analysts anticipate that Home Bancshares, Inc. will post 2.03 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HOMB shares. Stephens reissued an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday. Keefe, Bruyette & Woods increased their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. 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 report on Friday, October 18th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.00.

About Home Bancshares, Inc. (Conway, AR)

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.