Truist Financial Corp Has $513,000 Holdings in Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

Truist Financial Corp lessened its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMBGet Rating) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,699 shares of the financial services provider’s stock after selling 2,338 shares during the quarter. Truist Financial Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $513,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HOMB. Silvercrest Asset Management Group LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $12,459,000. Nuveen Asset Management LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 40.1% during the 4th quarter. Nuveen Asset Management LLC now owns 1,347,593 shares of the financial services provider’s stock worth $32,814,000 after buying an additional 385,703 shares during the period. Mutual of America Capital Management LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 70.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 444,319 shares of the financial services provider’s stock worth $10,819,000 after buying an additional 183,757 shares during the period. Goldman Sachs Group Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 6.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,876,762 shares of the financial services provider’s stock worth $70,050,000 after buying an additional 173,874 shares during the period. Finally, Fenimore Asset Management Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 51.2% during the 1st quarter. Fenimore Asset Management Inc. now owns 493,875 shares of the financial services provider’s stock worth $11,162,000 after buying an additional 167,210 shares during the period. Institutional investors and hedge funds own 67.05% of the company’s stock.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In related news, Director Jack Engelkes bought 25,000 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were acquired at an average price of $20.58 per share, with a total value of $514,500.00. Following the completion of the transaction, the director now owns 178,634 shares in the company, valued at $3,676,287.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.11% of the stock is owned by company insiders.

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

HOMB opened at $22.70 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83 and a quick ratio of 0.91. The business’s 50-day moving average price is $21.46 and its two-hundred day moving average price is $22.42. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 16.33 and a beta of 1.22. Home Bancshares, Inc. has a 1 year low of $19.83 and a 1 year high of $26.64.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMBGet Rating) last released its earnings results on Thursday, July 21st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The business had revenue of $243.30 million for the quarter, compared to the consensus estimate of $226.63 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.50% and a net margin of 28.43%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. Equities analysts expect that Home Bancshares, Inc. will post 1.84 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 8th. Investors of record on Wednesday, May 18th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Tuesday, May 17th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 47.48%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HOMB shares. StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Monday, May 23rd. Piper Sandler lifted 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 note on Friday, April 22nd. Finally, TheStreet downgraded Home Bancshares, Inc. (Conway, AR) from a “b” rating to a “c+” rating in a research note on Friday, July 22nd.

About Home Bancshares, Inc. (Conway, AR)

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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.

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Institutional Ownership by Quarter for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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