Simmons Bank Takes $241,000 Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Simmons Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 9,500 shares of the financial services provider’s stock, valued at approximately $241,000.

Several other institutional investors have also recently added to or reduced their stakes in HOMB. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,408 shares of the financial services provider’s stock worth $825,000 after purchasing an additional 6,070 shares during the last quarter. Mackenzie Financial Corp raised its position in Home Bancshares, Inc. (Conway, AR) by 5.2% during the 3rd quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock worth $243,000 after buying an additional 582 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 6.3% in the 3rd quarter. Inspire Investing LLC now owns 14,606 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 867 shares during the period. Gradient Investments LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter valued at about $182,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 12.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 702 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In related news, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the sale, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,606 shares of company stock valued at $1,101,008. 7.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Stephens raised their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.00.

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

Shares of NYSE:HOMB traded up $0.03 during trading on Wednesday, hitting $24.73. 872,082 shares of the stock were exchanged, compared to its average volume of 978,976. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80. The company has a market cap of $4.95 billion, a PE ratio of 12.73 and a beta of 1.09. The company has a fifty day moving average price of $23.78 and a two-hundred day moving average price of $23.44. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. On average, analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 37.11%.

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.