New York State Common Retirement Fund Sells 1,357 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

New York State Common Retirement Fund reduced its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,534 shares of the financial services provider’s stock after selling 1,357 shares during the period. New York State Common Retirement Fund’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HOMB. MCF Advisors LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $98,000. Allspring Global Investments Holdings LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 12.4% during the 3rd 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 period. Gradient Investments LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at approximately $182,000. Sunbelt Securities Inc. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 1,616.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,300 shares of the financial services provider’s stock valued at $216,000 after buying an additional 9,700 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth approximately $231,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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

Shares of NYSE HOMB opened at $24.62 on Thursday. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 12.69 and a beta of 1.09. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The business has a fifty day simple moving average of $23.81 and a 200 day simple moving average of $23.45. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The company had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same quarter in the prior year, the company posted $0.54 EPS. The business’s revenue was down 1.0% on a year-over-year basis. Sell-side analysts expect that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

Insider Activity

In related news, Director Donna Townsell sold 22,729 shares of the firm’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 completion of 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 Securities & Exchange Commission, which is available through this link. In related news, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of 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 at the SEC website. Also, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the sale, the director now directly owns 215,854 shares in the company, valued at $5,128,691.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,606 shares of company stock worth $1,101,008. Company insiders own 7.66% of the company’s stock.

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.