Kwmg LLC Sells 8,308 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Kwmg LLC decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBFree Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 241,439 shares of the financial services provider’s stock after selling 8,308 shares during the period. Kwmg LLC owned approximately 0.12% of Home Bancshares, Inc. (Conway, AR) worth $6,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after acquiring an additional 490,718 shares during the period. Geode Capital Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the third quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock worth $120,983,000 after purchasing an additional 60,588 shares during the period. Copeland Capital Management LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.9% in the third quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock valued at $87,789,000 after purchasing an additional 28,604 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after purchasing an additional 134,741 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 2.7% during the third quarter. Fisher Asset Management LLC now owns 1,765,799 shares of the financial services provider’s stock worth $47,835,000 after buying an additional 47,259 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

Shares of HOMB traded up $0.37 during trading hours on Monday, reaching $27.60. The stock had a trading volume of 1,004,111 shares, compared to its average volume of 963,692. 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 12 month low of $22.38 and a 12 month high of $32.90. The stock has a market capitalization of $5.49 billion, a PE ratio of 14.23 and a beta of 1.10. The company’s 50-day moving average is $29.76 and its two-hundred day moving average is $27.71.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last posted its earnings results 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). The business had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.47 earnings per share. Research analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were paid a $0.195 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.83%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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

In related news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares of the company’s stock, valued at $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the completion of the sale, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock worth $2,782,548 over the last ninety days. 7.66% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Keefe, Bruyette & Woods upped their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens boosted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Piper Sandler raised 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 note on Friday, October 18th. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and an average target price of $30.50.

Get Our Latest Stock Report on HOMB

Home Bancshares, Inc. (Conway, AR) Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

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