Olstein Capital Management L.P. Sells 20,000 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Olstein Capital Management L.P. decreased its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 23.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,000 shares of the financial services provider’s stock after selling 20,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 40.0% in the third quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider’s stock worth $2,763,000 after acquiring an additional 29,171 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 115.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider’s stock valued at $1,884,000 after purchasing an additional 37,266 shares during the period. State of Alaska Department of Revenue grew its position in Home Bancshares, Inc. (Conway, AR) by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 1,460 shares during the last quarter. Tectonic Advisors LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 7.2% in the third quarter. Tectonic Advisors LLC now owns 60,003 shares of the financial services provider’s stock worth $1,625,000 after purchasing an additional 4,004 shares during the period. Finally, Dakota Wealth Management acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analysts Set New Price Targets

HOMB has been the subject of a number of recent analyst reports. 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. Stephens lifted their price target 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 report on Wednesday. Finally, Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Down 2.5 %

HOMB stock traded down $0.76 during mid-day trading on Thursday, hitting $30.01. 118,267 shares of the company were exchanged, compared to its average volume of 971,192. The firm has a market cap of $5.97 billion, a P/E ratio of 15.86 and a beta of 1.05. Home Bancshares, Inc. has a 1-year low of $20.45 and a 1-year high of $30.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The firm’s 50 day simple moving average is $27.09 and its 200 day simple moving average is $25.70.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. On average, sell-side analysts predict that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

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.