Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 672,801 shares of the financial services provider’s stock after selling 1,882 shares during the period. Rhumbline Advisers owned 0.33% of Home Bancshares, Inc. (Conway, AR) worth $14,607,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 544.9% during the first quarter. Parallel Advisors LLC now owns 1,193 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,008 shares during the last quarter. CI Investments Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 37.7% during the fourth quarter. CI Investments Inc. now owns 1,549 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 424 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 246.4% during the fourth quarter. Quadrant Capital Group LLC now owns 1,576 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 1,121 shares during the last quarter. Ronald Blue Trust Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 83.1% during the first quarter. Ronald Blue Trust Inc. now owns 2,808 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Money Concepts Capital Corp purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $72,000. 64.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HOMB shares. Stephens raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. Piper Sandler increased their price target on Home Bancshares, Inc. (Conway, AR) from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Finally, StockNews.com began coverage on Home Bancshares, Inc. (Conway, AR) in a report on Wednesday, August 23rd. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.75.

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

Shares of NYSE HOMB opened at $22.18 on Friday. The firm has a market capitalization of $4.49 billion, a P/E ratio of 10.41 and a beta of 1.17. Home Bancshares, Inc. has a one year low of $19.77 and a one year high of $26.20. The company’s fifty day moving average is $23.21 and its two-hundred day moving average is $22.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 0.84.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $257.15 million for the quarter, compared to analyst estimates of $252.07 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 33.96% and a return on equity of 12.02%. Analysts forecast that Home Bancshares, Inc. will post 1.99 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $0.72 annualized dividend and a dividend yield of 3.25%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 33.80%.

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.