Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 18.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,256 shares of the financial services provider’s stock after selling 2,394 shares during the quarter. Verition Fund Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $278,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares during the last quarter. GAMMA Investing LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 427 shares in the last quarter. Blue Trust Inc. lifted its holdings in 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 acquiring an additional 528 shares during the period. Point72 DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth approximately $75,000. Finally, nVerses Capital LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth approximately $187,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.1 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $30.35 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The firm has a market capitalization of $6.03 billion, a PE ratio of 15.64 and a beta of 1.08. The firm’s 50-day moving average price is $29.20 and its 200 day moving average price is $26.94.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $258.90 million. During the same quarter last year, the business earned $0.47 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Analysts Set New Price Targets

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

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 175,500 shares of the company’s stock, valued at $5,400,135. This trade represents a 26.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the chief accounting officer now directly owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock worth $2,782,548 over the last three months. Insiders own 7.66% of the company’s stock.

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.