Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,688,693 shares of the financial services provider’s stock after selling 30,271 shares during the quarter. Wellington Management Group LLP owned approximately 1.86% of Home Bancshares, Inc. (Conway, AR) worth $99,927,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at approximately $543,000. SG Americas Securities LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 426.7% in the 2nd quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 41,551 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake 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. LMR Partners LLP purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth $493,000. Finally, Citigroup Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 12.2% in the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock valued at $7,831,000 after purchasing an additional 31,493 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.9 %

HOMB opened at $30.41 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90. The stock has a market capitalization of $6.05 billion, a P/E ratio of 15.68 and a beta of 1.08. The business has a 50 day simple moving average of $28.86 and a 200-day simple moving average of $26.77.

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

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

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

In related news, Director James Pat Hickman sold 63,997 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the sale, the director now directly owns 175,500 shares in the company, valued at $5,400,135. The trade was a 26.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now owns 199,195 shares of the company’s stock, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,997 shares of company stock valued at $2,782,548. Corporate insiders own 7.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HOMB shares. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods increased their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. 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 research note on Friday, October 18th. Finally, Piper Sandler lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and an average target price of $30.50.

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.