Natixis Advisors L.P. Sells 54,215 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Natixis Advisors L.P. lessened its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,165 shares of the financial services provider's stock after selling 54,215 shares during the quarter. Natixis Advisors L.P.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 38.0% during the 4th quarter. Van ECK Associates Corp now owns 47,850 shares of the financial services provider's stock worth $1,212,000 after purchasing an additional 13,174 shares during the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $2,478,000. Headlands Technologies LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $35,000. Bahl & Gaynor Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 875,757 shares of the financial services provider's stock worth $22,183,000 after acquiring an additional 16,835 shares during the period. Finally, Bailard Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $203,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada restated a "sector perform" rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Stephens raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Piper Sandler boosted their price objective 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. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Monday. 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 data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $26.00.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, the director now directly owns 215,854 shares of the company's stock, valued at $5,128,691.04. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $540,041.04. Following the transaction, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 2,333 shares of the company's stock in a transaction dated Friday, April 26th. The stock was 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 directly owns 1,000 shares of the company's stock, valued at approximately $24,530. The disclosure for this sale can be found here. Insiders have sold a total of 45,606 shares of company stock worth $1,101,008 in the last three months. 7.66% of the stock is currently owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.2 %

Shares of HOMB stock traded up $0.06 during trading hours on Wednesday, hitting $24.83. 644,363 shares of the company were exchanged, compared to its average volume of 968,529. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The firm has a fifty day moving average of $23.93 and a 200 day moving average of $23.61. The firm has a market cap of $4.97 billion, a PE ratio of 12.80 and a beta of 1.09. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. The company had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. Home Bancshares, Inc. (Conway, AR)'s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. Analysts expect that Home Bancshares, Inc. will post 1.93 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 2.90%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 37.11%.

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.