Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC reduced its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 42.3% in the 4th quarter, HoldingsChannel reports. The firm owned 11,096 shares of the financial services provider’s stock after selling 8,118 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of HOMB. Envestnet Asset Management Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 475,221 shares of the financial services provider’s stock worth $11,386,000 after purchasing an additional 4,873 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 purchasing an additional 490,718 shares during the last quarter. Argent Trust Co acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth approximately $228,000. Vanguard Personalized Indexing Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 13.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,782 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 2,004 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth approximately $243,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director James Pat Hickman sold 63,997 shares of the company’s 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 completion of the sale, the director now directly owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. This represents a 26.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the completion of the transaction, the director now owns 199,195 shares in the company, valued at $5,999,753.40. This represents a 11.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 90,997 shares of company stock valued at $2,782,548. Company insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.4 %

Shares of NYSE HOMB opened at $30.43 on Friday. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The firm has a fifty day moving average of $29.78 and a 200-day moving average of $27.83. The stock has a market capitalization of $6.05 billion, a PE ratio of 15.69 and a beta of 1.10. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44.

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 the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts anticipate that Home Bancshares, Inc. will post 2.03 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Stephens restated an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Hovde Group lowered their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Finally, Piper Sandler lifted 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.