Clearbridge Investments LLC Lowers Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Clearbridge Investments LLC trimmed its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 867,497 shares of the financial services provider’s stock after selling 14,839 shares during the period. Clearbridge Investments LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $20,785,000 at the end of the most recent reporting period.

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

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

NYSE HOMB opened at $26.51 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $5.31 billion, a P/E ratio of 13.66 and a beta of 1.05. The company has a 50-day moving average price of $26.92 and a 200-day moving average price of $25.11. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $254.60 million for the quarter, compared to the consensus estimate of $247.26 million. During the same period last year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HOMB shares. Royal Bank of Canada boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Piper Sandler increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Stephens reissued 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. Three equities research 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 presently has an average rating of “Hold” and a consensus price target of $27.25.

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

In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $27.00, for a total transaction of $682,101.00. Following the transaction, the insider now owns 114,912 shares of the company’s stock, valued at $3,102,624. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $26.89, for a total transaction of $413,863.99. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a 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 that occurred on Friday, July 19th. The shares were 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 approximately $3,102,624. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

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.