Fifth Third Bancorp Has $55,000 Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Fifth Third Bancorp reduced its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,182 shares of the financial services provider’s stock after selling 490 shares during the period. Fifth Third Bancorp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $55,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HOMB. Geneos Wealth Management Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at approximately $31,000. Ronald Blue Trust Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 84.4% during the third quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 771 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $63,000. Money Concepts Capital Corp acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $72,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 12.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 702 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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

In other news, CEO John W. Allison bought 20,000 shares of the stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the purchase, the chief executive officer now owns 5,509,982 shares in the company, valued at $125,296,990.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John W. Allison acquired 20,000 shares of the stock in a transaction on Monday, February 5th. The shares were bought at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the purchase, the chief executive officer now owns 5,509,982 shares in the company, valued at $125,296,990.68. The disclosure for this purchase can be found here. 7.66% of the stock is owned by corporate insiders.

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

NYSE:HOMB opened at $22.94 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $23.60 and its two-hundred day moving average price is $23.05. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 11.76 and a beta of 1.11. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $245.62 million for the quarter, compared to analyst estimates of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. On average, analysts anticipate that Home Bancshares, Inc. will post 1.88 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.14%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 36.92%.

Analyst Ratings Changes

Several brokerages recently commented on HOMB. Piper Sandler increased their price target on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.00.

Home Bancshares, Inc. (Conway, AR) 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.