Prudential PLC Sells 62,120 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Prudential PLC decreased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 66.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,890 shares of the financial services provider’s stock after selling 62,120 shares during the period. Prudential PLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 677 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $31,000. TFO Wealth Partners LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 1,629 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) in the second quarter valued at $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $129,000. Institutional investors own 67.31% of the company’s stock.

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

In other news, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now owns 89,192 shares of the company’s stock, valued at approximately $2,398,372.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now owns 89,192 shares of the company’s stock, valued at approximately $2,398,372.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now directly owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The disclosure for this sale can be found here. 7.66% of the stock is owned by insiders.

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

Shares of HOMB stock opened at $26.50 on Friday. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99. The stock has a market cap of $5.31 billion, a PE ratio of 13.66 and a beta of 1.05. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. The company’s fifty day moving average price is $26.60 and its 200-day moving average price is $24.72.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The firm had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $247.26 million. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts expect that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Wednesday, August 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HOMB. Stephens reiterated an “overweight” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Royal Bank of Canada lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Finally, Piper Sandler lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $27.25.

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.