JPMorgan Chase & Co. Reduces Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

JPMorgan Chase & Co. cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 15.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,034,645 shares of the financial services provider’s stock after selling 186,825 shares during the period. JPMorgan Chase & Co.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $28,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 795 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares during the period. Blue Trust Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 528 shares during the period. Point72 DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth about $75,000. Finally, Point72 Hong Kong Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $76,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Pat Hickman sold 63,997 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the sale, the director now owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock worth $2,782,548 over the last 90 days. Corporate insiders own 7.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HOMB. Keefe, Bruyette & Woods upped their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Piper Sandler increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Stephens boosted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.50.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.9 %

HOMB stock opened at $27.86 on Wednesday. The company’s 50 day moving average is $29.74 and its 200 day moving average is $27.61. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 14.36 and a beta of 1.10. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90.

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

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were paid a $0.195 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.80%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 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.