Zurcher Kantonalbank Zurich Cantonalbank Trims Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 16.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,735 shares of the financial services provider’s stock after selling 6,673 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $829,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Strs Ohio lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 4.5% during the fourth quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock valued at $473,000 after buying an additional 800 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $1,335,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,675 shares of the financial services provider’s stock worth $2,195,000 after purchasing an additional 1,403 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2,433.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider’s stock worth $30,820,000 after purchasing an additional 1,168,716 shares during the last quarter. Finally, Trust Point Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $249,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HOMB shares. Piper Sandler increased their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Finally, Stephens boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and a consensus target price of $26.00.

Insiders Place Their Bets

In other news, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the transaction, the director now owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the completion of the transaction, the chief executive officer now owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Donna Townsell sold 22,729 shares of the business’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 completion of the transaction, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. Insiders sold a total of 45,606 shares of company stock worth $1,101,008 over the last ninety days. 7.66% of the stock is owned by company insiders.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $24.07 on Tuesday. The business’s fifty day moving average price is $23.67 and its 200 day moving average price is $23.30. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.84 billion, a P/E ratio of 12.41 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The company had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same period last year, the business posted $0.54 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Home Bancshares, Inc. will post 1.93 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 2.99%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

About Home Bancshares, Inc. (Conway, AR)

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.