Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) is Centennial Bank AR’s 9th Largest Position

Centennial Bank AR trimmed its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 24.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,511 shares of the financial services provider’s stock after selling 65,887 shares during the quarter. Home Bancshares, Inc. (Conway, AR) accounts for approximately 2.5% of Centennial Bank AR’s investment portfolio, making the stock its 9th largest position. Centennial Bank AR’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $5,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after acquiring an additional 490,718 shares during the period. Copeland Capital Management LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock valued at $87,789,000 after buying an additional 28,604 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock worth $51,919,000 after acquiring an additional 11,499 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after acquiring an additional 1,253,259 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.4% during the second quarter. Bahl & Gaynor Inc. now owns 929,038 shares of the financial services provider’s stock valued at $22,260,000 after acquiring an additional 4,065 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Piper Sandler raised their price objective 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. Stephens lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average target price of $28.25.

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

HOMB stock opened at $27.16 on Monday. Home Bancshares, Inc. has a one year low of $20.45 and a one year high of $28.99. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 14.00 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a 50-day simple moving average of $27.04 and a two-hundred day simple moving average of $25.61.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same quarter last year, the business earned $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

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.