Financial Management Professionals Inc. Sells 10,023 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Financial Management Professionals Inc. lowered its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,900 shares of the financial services provider’s stock after selling 10,023 shares during the quarter. Financial Management Professionals Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,544,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in 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 valued at $33,000 after acquiring an additional 795 shares during the last quarter. GAMMA Investing LLC lifted its holdings in 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. Trust Co. of Vermont purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $40,000. Blue Trust Inc. lifted its holdings in 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. Finally, Point72 DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the second quarter worth about $75,000. Institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated 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. Hovde Group reduced their price target on shares of 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. Piper Sandler raised 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 research 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 report on Wednesday, November 6th. Finally, Stephens reissued an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.00.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the director now owns 199,195 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director James Pat Hickman sold 63,997 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the sale, the director now owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is owned by corporate insiders.

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

HOMB opened at $30.43 on Friday. 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. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The firm’s fifty day moving average is $29.78 and its 200 day moving average is $27.86. The stock has a market cap 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 earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. During the same quarter last year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 2.03 earnings per share for the current fiscal year.

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

The company also recently announced 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 (DPR) is 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.