Royce & Associates LP Sells 37,161 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Royce & Associates LP cut its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,134,829 shares of the financial services provider’s stock after selling 37,161 shares during the quarter. Royce & Associates LP’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $30,743,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 9.5% in the 1st quarter. US Bancorp DE now owns 14,584 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 1,267 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 3.9% in the 1st quarter. ProShare Advisors LLC now owns 43,095 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 1,618 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth about $129,000. Ontario Teachers Pension Plan Board bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth about $877,000. Finally, Bahl & Gaynor Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.6% in the 1st quarter. Bahl & Gaynor Inc. now owns 924,973 shares of the financial services provider’s stock worth $22,727,000 after acquiring an additional 49,216 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

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

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This represents a 36.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $753,000.00. Following the completion of the transaction, the director now directly owns 199,195 shares in the company, valued at approximately $5,999,753.40. This represents a 11.15 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.6 %

Home Bancshares, Inc. (Conway, AR) stock opened at $30.63 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. Home Bancshares, Inc. has a one year low of $21.70 and a one year high of $31.33. The stock has a market capitalization of $6.09 billion, a PE ratio of 15.79 and a beta of 1.05. The business’s fifty day moving average is $27.36 and its 200 day moving average is $25.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The business had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same period last year, the business earned $0.47 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.55%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Analysts Set New Price Targets

Several research analysts recently issued reports on HOMB shares. Stephens increased their price target on shares of 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 shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. 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 research report on Friday, October 18th. Finally, Piper Sandler upped their price objective on 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.25.

Home Bancshares, Inc. (Conway, AR) 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.