Russell Investments Group Ltd. Sells 4,658 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Russell Investments Group Ltd. trimmed its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 494,573 shares of the financial services provider’s stock after selling 4,658 shares during the period. Russell Investments Group Ltd.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $12,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOMB. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Home Bancshares, Inc. (Conway, AR) by 18.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,408 shares of the financial services provider’s stock worth $825,000 after acquiring an additional 6,070 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.2% in the 3rd quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 582 shares during the period. Inspire Investing LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 6.3% in the third quarter. Inspire Investing LLC now owns 14,606 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 867 shares during the last quarter. Gradient Investments LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at $182,000. Finally, Allspring Global Investments Holdings LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 12.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock worth $134,000 after buying an additional 702 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the sale, the chief accounting officer now owns 1,000 shares in the company, valued at $24,530. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,606 shares of company stock worth $1,101,008. 7.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HOMB has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Piper Sandler upped 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. Finally, Stephens lifted their price objective 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 19th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.00.

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

Shares of NYSE:HOMB opened at $24.62 on Friday. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 12.69 and a beta of 1.09. The company’s fifty day moving average price is $23.73 and its 200-day moving average price is $23.36.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, beating 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 business had revenue of $246.40 million for the quarter, compared to analysts’ expectations of $240.46 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 1.93 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be given a $0.18 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.92%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 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.