Financial Management Professionals Inc. Cuts Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Financial Management Professionals Inc. cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,923 shares of the financial services provider’s stock after selling 10,005 shares during the quarter. Financial Management Professionals Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amarillo National Bank lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 96.8% in the first quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock valued at $2,498,000 after acquiring an additional 50,000 shares during the period. Cetera Advisors LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the first quarter worth about $543,000. Allspring Global Investments Holdings LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the first quarter worth about $4,738,000. Harbor Capital Advisors Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock worth $773,000 after buying an additional 24,052 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Home Bancshares, Inc. (Conway, AR) by 72.9% in the first quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider’s stock valued at $2,440,000 after buying an additional 41,872 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently 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. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Friday. Piper Sandler 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 report on Friday, October 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.25.

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

Shares of HOMB opened at $26.87 on Friday. Home Bancshares, Inc. has a 1 year low of $19.87 and a 1 year high of $28.99. The company’s 50 day simple moving average is $26.98 and its 200 day simple moving average is $25.42. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 13.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $258.90 million. During the same quarter in the previous year, the business posted $0.47 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that Home Bancshares, Inc. will post 2.06 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be given 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 2.90%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 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.