Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 300,557 shares of the financial services provider’s stock after selling 18,431 shares during the quarter. Corebridge Financial Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $8,506,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Trust Co. of Vermont acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $40,000. Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $53,000. UMB Bank n.a. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $57,000 after buying an additional 777 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $60,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $76,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Hovde Group lowered their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Stephens reaffirmed an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

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

In other news, CEO John W. Allison bought 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, with a total value of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.30% of the stock is owned by corporate insiders.

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

NYSE HOMB opened at $28.58 on Friday. The firm has a market capitalization of $5.67 billion, a P/E ratio of 14.15 and a beta of 1.08. The stock has a 50-day simple moving average of $29.54 and a two-hundred day simple moving average of $28.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

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.