American International Group Inc. Has $8.35 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

American International Group Inc. cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 339,676 shares of the financial services provider’s stock after selling 7,148 shares during the quarter. American International Group Inc. owned about 0.17% of Home Bancshares, Inc. (Conway, AR) worth $8,346,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HOMB. Quadrant Capital Group LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 677 shares during the period. Headlands Technologies LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $35,000. TFO Wealth Partners LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,629 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,310 shares during the last quarter. Finally, MCF Advisors LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $98,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of research reports. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Stephens reiterated an “overweight” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Finally, Piper Sandler raised their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.25.

Home Bancshares, Inc. (Conway, AR) Stock Up 2.2 %

Home Bancshares, Inc. (Conway, AR) stock traded up $0.61 during mid-day trading on Thursday, reaching $28.30. The stock had a trading volume of 825,000 shares, compared to its average volume of 991,784. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $28.57. The stock’s 50-day simple moving average is $24.11 and its 200-day simple moving average is $23.94. The firm has a market capitalization of $5.67 billion, a PE ratio of 14.28 and a beta of 1.07.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s 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 completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) 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 sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at $24,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now owns 114,912 shares in the company, valued at $3,102,624. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,987 shares of company stock valued at $1,153,193. 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.