Federated Hermes Inc. Sells 2,513 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Federated Hermes Inc. lessened its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 10.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,850 shares of the financial services provider’s stock after selling 2,513 shares during the quarter. Federated Hermes Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $1,335,000. UBS Group AG raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 156.1% in the 3rd quarter. UBS Group AG now owns 182,136 shares of the financial services provider’s stock worth $3,814,000 after acquiring an additional 111,027 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 32.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 456,872 shares of the financial services provider’s stock valued at $9,567,000 after purchasing an additional 111,393 shares during the period. Prudential PLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $1,668,000. Finally, Fenimore Asset Management Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.1% during the 4th quarter. Fenimore Asset Management Inc. now owns 509,956 shares of the financial services provider’s stock valued at $12,917,000 after purchasing an additional 5,700 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

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

In related news, CEO John W. Allison acquired 20,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the acquisition, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO John W. Allison acquired 20,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were acquired at an average cost 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,606 shares of company stock valued at $1,101,008. 7.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. 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 research report on Friday, April 19th. Finally, Piper Sandler raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and an average price target of $26.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.8 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $24.61 on Friday. The stock has a market capitalization of $4.95 billion, a PE ratio of 12.69 and a beta of 1.09. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The stock has a 50 day moving average price of $23.73 and a two-hundred day moving average price of $23.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.90.

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

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.93%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 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.