Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Olstein Capital Management L.P.

Olstein Capital Management L.P. cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 9.1% in the 4th quarter, HoldingsChannel reports. The fund owned 60,000 shares of the financial services provider’s stock after selling 6,000 shares during the period. Olstein Capital Management L.P.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,698,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 13.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,782 shares of the financial services provider’s stock worth $391,000 after buying an additional 2,004 shares during the period. Intech Investment Management LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the second quarter worth approximately $243,000. Bank of Montreal Can raised its stake in Home Bancshares, Inc. (Conway, AR) by 4.0% during the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 701 shares during the period. Marshall Wace LLP purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at $221,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth $75,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insider Buying and Selling

In other news, Director Jack Engelkes sold 25,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John W. Allison acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, with a total value of $307,600.00. Following the completion of the acquisition, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 90,997 shares of company stock worth $2,782,548. Insiders own 7.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on HOMB shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Stephens reaffirmed an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. 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. Piper Sandler increased their price target on 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. Finally, Keefe, Bruyette & Woods increased their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Performance

Home Bancshares, Inc. (Conway, AR) stock opened at $30.03 on Friday. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 14.87 and a beta of 1.10. The firm’s fifty day moving average price is $29.70 and its 200 day moving average price is $28.09.

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 the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts forecast that Home Bancshares, Inc. will post 2.18 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 38.61%.

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.