Raymond James & Associates Sells 4,326 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Raymond James & Associates lowered its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,174 shares of the financial services provider’s stock after selling 4,326 shares during the period. Raymond James & Associates owned approximately 0.06% of Home Bancshares, Inc. (Conway, AR) worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after acquiring an additional 490,718 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock valued at $51,919,000 after acquiring an additional 11,499 shares in the last quarter. Bahl & Gaynor Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.4% during the second quarter. Bahl & Gaynor Inc. now owns 929,038 shares of the financial services provider’s stock valued at $22,260,000 after acquiring an additional 4,065 shares in the last quarter. Sei Investments Co. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 3.9% during the second quarter. Sei Investments Co. now owns 837,676 shares of the financial services provider’s stock valued at $20,071,000 after acquiring an additional 31,605 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Home Bancshares, Inc. (Conway, AR) by 4.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 823,752 shares of the financial services provider’s stock worth $19,737,000 after buying an additional 36,140 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday. Stephens boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average price target of $28.25.

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

NYSE HOMB opened at $27.16 on Monday. The firm has a market capitalization of $5.42 billion, a P/E ratio of 14.00 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 12-month low of $20.45 and a 12-month high of $28.99. The firm’s fifty day simple moving average is $27.04 and its two-hundred day simple moving average is $25.61.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. Analysts forecast that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Home Bancshares, Inc. (Conway, AR) Company 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.