Centennial Bank AR Sells 20,139 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Centennial Bank AR cut its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 7.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 268,398 shares of the financial services provider’s stock after selling 20,139 shares during the period. Home Bancshares, Inc. (Conway, AR) makes up about 3.2% of Centennial Bank AR’s holdings, making the stock its 5th largest holding. Centennial Bank AR’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $6,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the first quarter worth about $31,000. TFO Wealth Partners LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after buying an additional 1,629 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at approximately $75,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) in the second quarter valued at approximately $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at approximately $129,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

HOMB stock opened at $26.22 on Wednesday. The business’s fifty day moving average price is $27.08 and its 200 day moving average price is $25.05. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $28.99. 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 has a market capitalization of $5.25 billion, a PE ratio of 13.52 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping 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 company had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.195 per share. 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. This represents a $0.78 dividend on an annualized basis and a yield of 2.97%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 40.21%.

Analyst Upgrades and Downgrades

HOMB has been the subject of several recent analyst reports. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Royal Bank of Canada raised their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Stephens reaffirmed an “overweight” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Finally, Piper Sandler increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and a consensus target price of $27.25.

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

In other news, CFO Brian Davis sold 15,391 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $26.89, for a total transaction of $413,863.99. Following the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 in the company, valued at approximately $2,398,372.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin Hester sold 25,263 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $27.00, for a total transaction of $682,101.00. Following the sale, the insider now owns 114,912 shares in the company, valued at $3,102,624. The disclosure for this sale can be found here. 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.