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

Hodges Capital Management Inc. cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 235,700 shares of the financial services provider’s stock after selling 58,700 shares during the quarter. Hodges Capital Management Inc. owned about 0.12% of Home Bancshares, Inc. (Conway, AR) worth $5,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 10.9% during the third quarter. HighTower Advisors LLC now owns 19,505 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 1,922 shares during the last quarter. UBS Group AG lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 156.1% during the 3rd quarter. UBS Group AG now owns 182,136 shares of the financial services provider’s stock valued at $3,814,000 after acquiring an additional 111,027 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 32.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 456,872 shares of the financial services provider’s stock valued at $9,567,000 after acquiring an additional 111,393 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.9% during the 3rd quarter. Stifel Financial Corp now owns 95,100 shares of the financial services provider’s stock worth $1,991,000 after acquiring an additional 2,670 shares in the last quarter. Finally, Natixis Advisors L.P. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 76.1% in the 3rd quarter. Natixis Advisors L.P. now owns 125,380 shares of the financial services provider’s stock worth $2,626,000 after acquiring an additional 54,165 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of recent analyst reports. Stephens increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Saturday, June 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.00.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian Davis sold 20,544 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the transaction, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,186,987.84. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.4 %

Shares of NYSE HOMB traded up $0.32 during mid-day trading on Friday, reaching $23.96. The company had a trading volume of 2,856,002 shares, compared to its average volume of 847,859. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 12.35 and a beta of 1.08. The stock has a fifty day moving average of $23.82 and a two-hundred day moving average of $23.92. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The company had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Home Bancshares, Inc. will post 1.97 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 3.01%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 37.11%.

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.