UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 11.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 383,123 shares of the financial services provider’s stock after selling 51,086 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $10,379,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HOMB. UMB Bank n.a. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 795 shares in the last quarter. GAMMA Investing LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares during the period. Blue Trust Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after buying an additional 528 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth approximately $75,000. Finally, nVerses Capital LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at approximately $187,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

HOMB opened at $31.01 on Monday. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 15.98 and a beta of 1.08. The company’s 50 day simple moving average is $28.79 and its two-hundred day simple moving average is $26.72. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. Analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HOMB. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler lifted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Stephens increased their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.50.

Insider Buying and Selling

In related news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the transaction, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the sale, the director now owns 199,195 shares in the company, valued at $5,999,753.40. This represents a 11.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,997 shares of company stock worth $2,782,548. 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.