Corebridge Financial Inc. Decreases Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Corebridge Financial Inc. decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,557 shares of the financial services provider’s stock after selling 18,431 shares during the period. Corebridge Financial Inc. owned approximately 0.15% of Home Bancshares, Inc. (Conway, AR) worth $8,506,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in Home Bancshares, Inc. (Conway, AR) by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after buying an additional 481 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 236.7% during the 3rd quarter. Intech Investment Management LLC now owns 34,160 shares of the financial services provider’s stock valued at $925,000 after acquiring an additional 24,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock valued at $55,430,000 after purchasing an additional 134,741 shares in the last quarter. Citigroup Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 12.2% in the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock worth $7,831,000 after purchasing an additional 31,493 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) in the third quarter worth $884,000. 67.31% of the stock is owned by institutional investors.

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

In related news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, with a total value of $307,600.00. Following the completion of the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens reissued an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Hovde Group dropped their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods upped 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 research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.4 %

HOMB opened at $28.58 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock’s 50 day moving average price is $29.54 and its 200-day moving average price is $28.87. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.91. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 14.15 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same period last year, the company earned $0.43 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.73%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

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.