Arkansas Financial Group Inc. lowered its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Free Report) by 8.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,971 shares of the financial services provider’s stock after selling 1,000 shares during the period. Arkansas Financial Group Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $297,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Point72 DIFC Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the second quarter valued at $75,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth about $212,000. Creative Planning lifted its stake in Home Bancshares, Inc. (Conway, AR) by 38.2% in the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock worth $14,422,000 after purchasing an additional 166,324 shares during the last quarter. Algert Global LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the second quarter valued at approximately $461,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the second quarter valued at approximately $287,000. 67.31% of the stock is owned by institutional investors.
Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)
In other news, insider Kevin Hester sold 25,263 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now directly owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $26.89, for a total value 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 $2,398,372.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin Hester sold 25,263 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the transaction, the insider now directly owns 114,912 shares in the company, valued at approximately $3,102,624. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Research Report on HOMB
Home Bancshares, Inc. (Conway, AR) Stock Up 1.8 %
Shares of HOMB traded up $0.47 during midday trading on Friday, reaching $26.51. 666,303 shares of the stock were exchanged, compared to its average volume of 969,855. The company 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 current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $28.99. The company’s 50 day moving average is $26.92 and its two-hundred day moving average is $25.11.
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Free Report) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) 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 company had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $247.26 million. During the same period in the prior year, the business earned $0.51 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side 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 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 represents a $0.78 dividend on an annualized basis and a yield of 2.94%. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.
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.
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