Retirement Systems of Alabama Has $6.11 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Retirement Systems of Alabama reduced its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,587 shares of the financial services provider’s stock after selling 4,352 shares during the quarter. Retirement Systems of Alabama owned about 0.11% of Home Bancshares, Inc. (Conway, AR) worth $6,111,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after buying an additional 427 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after purchasing an additional 481 shares during the last quarter. Blue Trust Inc. increased 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 valued at $49,000 after purchasing an additional 528 shares during the period. Inspire Investing LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 3.6% during the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 529 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 5.4% during the third quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 554 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HOMB. Stephens raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Piper Sandler raised their target price 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. 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods increased their price target 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.50.

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

Shares of NYSE HOMB opened at $28.35 on Thursday. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The firm has a market capitalization of $5.64 billion, a P/E ratio of 14.61 and a beta of 1.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $29.40 and its two-hundred day simple moving average is $27.07.

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

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the sale, the director now owns 175,500 shares in the company, valued at $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is currently owned by insiders.

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.