Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,174 shares of the financial services provider’s stock after selling 11,316 shares during the period. Mutual of America Capital Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $8,728,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth about $543,000. Harbor Capital Advisors Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 24,052 shares during the period. Bessemer Group Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 15.0% during the 1st quarter. Bessemer Group Inc. now owns 44,216 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 5,780 shares during the period. SG Americas Securities LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 426.7% during the 2nd quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider’s stock worth $1,229,000 after purchasing an additional 41,551 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 10.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock worth $8,544,000 after purchasing an additional 28,761 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the completion of the sale, the director now directly owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. This trade represents a 11.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at $104,664.24. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.7 %

HOMB opened at $30.62 on Tuesday. Home Bancshares, Inc. has a one year low of $21.70 and a one year high of $31.33. The company has a market cap of $6.09 billion, a P/E ratio of 15.90 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The business’s 50-day simple moving average is $27.51 and its 200-day simple moving average is $26.01.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. As a group, equities research analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.55%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HOMB. Stephens upped their price target on 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. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Piper Sandler increased their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) 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.