Amalgamated Bank Decreases Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Amalgamated Bank trimmed its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 7.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,597 shares of the financial services provider’s stock after selling 7,724 shares during the period. Amalgamated Bank’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,171,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 189.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 677 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter valued at approximately $31,000. TFO Wealth Partners LLC lifted its stake 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 worth $42,000 after acquiring an additional 1,629 shares during the period. 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 purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $129,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,398,372.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 25,263 shares of the stock in a transaction 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 directly owns 114,912 shares in the company, valued at approximately $3,102,624. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian Davis sold 15,391 shares of the business’s stock in a transaction on 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 disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several research analyst reports. Royal Bank of Canada raised their target price on shares of 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 restated an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Piper Sandler increased their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.7 %

NYSE:HOMB opened at $27.08 on Wednesday. The firm has a market capitalization of $5.42 billion, a P/E ratio of 13.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $28.99. The company’s 50-day simple moving average is $27.09 and its 200 day simple moving average is $24.96.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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. The company had revenue of $254.60 million for the quarter, compared to the consensus estimate of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 EPS. As a group, analysts forecast 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 2.88%. The ex-dividend date 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%.

Home Bancshares, Inc. (Conway, AR) 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.