Federated Hermes Inc. Sells 2,513 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Federated Hermes Inc. lessened its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 10.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,850 shares of the financial services provider’s stock after selling 2,513 shares during the period. Federated Hermes Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $528,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Arizona State Retirement System increased its holdings in Home Bancshares, Inc. (Conway, AR) by 1.0% in the third quarter. Arizona State Retirement System now owns 54,856 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 526 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.2% in the 3rd quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 582 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 12.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 702 shares during the last quarter. Strs Ohio boosted its stake in Home Bancshares, Inc. (Conway, AR) by 4.5% during the 4th quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 800 shares during the last quarter. Finally, Inspire Investing LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 6.3% during the third quarter. Inspire Investing LLC now owns 14,606 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 867 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

In related news, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the sale, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the transaction, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at $24,530. The disclosure for this sale can be found here. Insiders sold a total of 45,606 shares of company stock worth $1,101,008 in the last three months. Insiders own 7.66% of the company’s stock.

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

HOMB stock opened at $24.61 on Friday. The stock has a market cap of $4.95 billion, a PE ratio of 12.69 and a beta of 1.09. The stock has a 50-day moving average price of $23.73 and a two-hundred day moving average price of $23.35. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $246.40 million for the quarter, compared to analyst estimates of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. Equities analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 2.93%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 37.11%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HOMB shares. Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Finally, Stephens lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and a consensus target price of $26.00.

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.