Mutual of America Capital Management LLC Cuts Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Mutual of America Capital Management LLC lessened its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 322,174 shares of the financial services provider’s stock after selling 11,316 shares during the quarter. Mutual of America Capital Management LLC owned 0.16% of Home Bancshares, Inc. (Conway, AR) worth $8,728,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% in 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. EntryPoint Capital LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter worth about $31,000. GAMMA Investing LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 427 shares during the period. Blue Trust Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the second quarter worth about $75,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.7 %

Shares of NYSE:HOMB opened at $30.62 on Tuesday. Home Bancshares, Inc. has a 12-month low of $21.70 and a 12-month high of $31.33. The company has a market capitalization of $6.09 billion, a PE ratio of 15.90 and a beta of 1.05. The business has a 50 day moving average of $27.51 and a two-hundred day moving average of $26.01. 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. (Conway, AR) (NYSE:HOMB) last announced its quarterly 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). The company had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. As a group, analysts forecast that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HOMB shares. Piper Sandler lifted 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. Royal Bank of Canada reaffirmed 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. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Stephens lifted 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus price target of $28.25.

Insider Activity

In other news, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction that occurred on 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. The trade was a 11.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at $104,664.24. This trade represents a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

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.