Swiss National Bank Sells 44,300 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Swiss National Bank lowered its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 10.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 379,307 shares of the financial services provider's stock after selling 44,300 shares during the quarter. Swiss National Bank owned approximately 0.19% of Home Bancshares, Inc. (Conway, AR) worth $9,608,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HOMB. International Assets Investment Management LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 2,433.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider's stock worth $30,820,000 after purchasing an additional 1,168,716 shares during the period. Clearbridge Investments LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter valued at approximately $18,429,000. Envestnet Asset Management Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 32.2% during the third quarter. Envestnet Asset Management Inc. now owns 456,872 shares of the financial services provider's stock worth $9,567,000 after purchasing an additional 111,393 shares in the last quarter. UBS Group AG lifted its position in Home Bancshares, Inc. (Conway, AR) by 156.1% in the third quarter. UBS Group AG now owns 182,136 shares of the financial services provider's stock worth $3,814,000 after purchasing an additional 111,027 shares during the period. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $2,478,000. 67.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HOMB has been the topic of several research 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 research report on Friday, January 19th. Stephens lifted 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 research report on Friday, April 19th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.6 %

Shares of HOMB stock traded down $0.14 during trading hours on Monday, reaching $24.70. 612,544 shares of the stock traded hands, compared to its average volume of 975,629. The business has a fifty day moving average price of $23.90 and a 200 day moving average price of $23.57. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.95 billion, a PE ratio of 12.73 and a beta of 1.09.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The company had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same period in the previous year, the business earned $0.54 EPS. The company's revenue was down 1.0% on a year-over-year basis. On average, equities research analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.91%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 37.11%.

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 stock in a transaction that occurred on Friday, April 26th. The shares were 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 in the company, valued at approximately $24,530. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Brian Davis sold 20,544 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the transaction, the chief financial officer now owns 89,192 shares in the company, valued at $2,186,987.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 45,606 shares of company stock valued at $1,101,008 in the last 90 days. 7.66% of the stock is currently owned by corporate insiders.

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.