Inspire Investing LLC Decreases Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Inspire Investing LLC trimmed its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,195 shares of the financial services provider’s stock after selling 1,048 shares during the period. Inspire Investing LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HOMB. Allspring Global Investments Holdings LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock valued at $8,544,000 after purchasing an additional 28,761 shares in the last quarter. LMR Partners LLP bought a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at about $493,000. Citigroup Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.2% during the 3rd quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock valued at $7,831,000 after acquiring an additional 31,493 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% in the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 17,563 shares during the period. Finally, Creative Planning grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% in the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock worth $14,422,000 after acquiring an additional 166,324 shares during the period. Institutional investors own 67.31% of the company’s stock.

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

NYSE HOMB opened at $30.03 on Friday. The business’s fifty day moving average is $29.70 and its 200 day moving average is $28.09. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The company has a market capitalization of $5.97 billion, a PE ratio of 14.87 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Sell-side analysts predict that Home Bancshares, Inc. will post 2.18 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be paid a $0.195 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

Analysts Set New Price Targets

HOMB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group reduced their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Insider Activity

In related 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 transaction of $60,360.00. Following the completion of the sale, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock worth $2,782,548 in the last three months. Company insiders own 7.66% of the company’s stock.

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.