Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Position Lessened by Creative Planning

Creative Planning lowered its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 76.1% during the third quarter, HoldingsChannel.com reports. The firm owned 143,951 shares of the financial services provider’s stock after selling 457,975 shares during the quarter. Creative Planning’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $3,900,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Amarillo National Bank grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 96.8% in the 1st quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock valued at $2,498,000 after buying an additional 50,000 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $543,000. Allspring Global Investments Holdings LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $4,738,000. Harbor Capital Advisors Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 24,052 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 72.9% in the first quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider’s stock worth $2,440,000 after purchasing an additional 41,872 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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

Shares of NYSE HOMB opened at $26.89 on Friday. Home Bancshares, Inc. has a 12 month low of $19.87 and a 12 month high of $28.99. The company has a market cap of $5.39 billion, a P/E ratio of 13.86 and a beta of 1.05. The business’s 50 day moving average is $26.98 and its two-hundred day moving average is $25.42. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The company had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be given a $0.195 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.90%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HOMB shares. Piper Sandler boosted 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 report on Friday, October 18th. Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned 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 $28.25.

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.