Amalgamated Bank Has $2.31 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Amalgamated Bank trimmed its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,187 shares of the financial services provider’s stock after selling 5,410 shares during the quarter. Amalgamated Bank’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC boosted its position 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 buying an additional 427 shares in the last quarter. Blue Trust Inc. raised its stake 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 acquiring an additional 528 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 529 shares in the last quarter. Bank of Montreal Can grew its position in Home Bancshares, Inc. (Conway, AR) by 4.0% during the 2nd quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 701 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in 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 purchasing an additional 795 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was 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 directly owns 199,195 shares in the company, valued at $5,999,753.40. This 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 through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares in the company, valued at $104,664.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

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

Shares of HOMB stock opened at $30.95 on Tuesday. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 15.95 and a beta of 1.05. Home Bancshares, Inc. has a 12 month low of $20.45 and a 12 month high of $31.31. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $27.16 and a 200 day moving average price of $25.77.

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

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid 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 of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stephens increased their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Piper Sandler increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note 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 research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $28.25.

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.