97,812 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 97,812 shares of the financial services provider's stock, valued at approximately $2,478,000. Home Bancshares, Inc. (Conway, AR) makes up 1.0% of Gilliland Jeter Wealth Management LLC's portfolio, making the stock its 25th biggest holding.

Several other hedge funds also recently modified their holdings of HOMB. International Assets Investment Management LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2,433.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider's stock worth $30,820,000 after buying an additional 1,168,716 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $18,429,000. Envestnet Asset Management Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 32.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 456,872 shares of the financial services provider's stock worth $9,567,000 after buying an additional 111,393 shares during the last quarter. UBS Group AG boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 156.1% in the 3rd quarter. UBS Group AG now owns 182,136 shares of the financial services provider's stock worth $3,814,000 after buying an additional 111,027 shares during the last quarter. Finally, Prudential PLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $1,668,000. Institutional investors own 67.31% of the company's stock.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares of the company's stock, valued at approximately $5,128,691.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Jennifer C. Floyd sold 2,333 shares of the company'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 transaction of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company's stock, valued at approximately $24,530. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna Townsell sold 22,729 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,606 shares of company stock worth $1,101,008. 7.66% of the stock is owned by corporate insiders.

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

Shares of HOMB stock traded down $0.10 during trading on Friday, hitting $24.42. The company had a trading volume of 686,416 shares, compared to its average volume of 915,510. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 12.59 and a beta of 1.11. The stock's 50-day moving average is $23.66 and its two-hundred day moving average is $23.28. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The firm had revenue of $246.40 million during the quarter, compared to analyst estimates of $240.46 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The business's quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts predict that Home Bancshares, Inc. will post 1.93 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.95%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 37.11%.

Analyst Upgrades and Downgrades

HOMB has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, January 19th. Royal Bank of Canada reissued a "sector perform" rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Finally, Stephens boosted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.00.

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.