Horrell Capital Management Inc. Decreases Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Horrell Capital Management Inc. decreased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 10.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 106,424 shares of the financial services provider’s stock after selling 11,920 shares during the period. Horrell Capital Management Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,883,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HOMB. State of Michigan Retirement System increased its stake in Home Bancshares, Inc. (Conway, AR) by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock valued at $1,131,000 after buying an additional 1,000 shares during the last quarter. Amarillo National Bank grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 96.8% during the 1st quarter. Amarillo National Bank now owns 101,649 shares of the financial services provider’s stock valued at $2,498,000 after acquiring an additional 50,000 shares during the period. BNP Paribas Financial Markets grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 72.9% during the 1st quarter. BNP Paribas Financial Markets now owns 99,304 shares of the financial services provider’s stock valued at $2,440,000 after acquiring an additional 41,872 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at approximately $168,000. Finally, Texas Permanent School Fund Corp grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.2% during the 1st quarter. Texas Permanent School Fund Corp now owns 164,027 shares of the financial services provider’s stock valued at $4,030,000 after acquiring an additional 1,927 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

HOMB traded down $0.31 on Tuesday, hitting $27.66. The company’s stock had a trading volume of 146,626 shares, compared to its average volume of 967,931. The company’s 50 day simple moving average is $27.00 and its 200-day simple moving average is $25.47. The firm has a market cap of $5.54 billion, a P/E ratio of 14.25 and a beta of 1.05. Home Bancshares, Inc. has a 12 month low of $19.92 and a 12 month high of $28.99. The company has a quick ratio of 0.90, a current 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 EPS 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 the consensus estimate of $258.90 million. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts forecast that Home Bancshares, Inc. will post 2.06 EPS for the current year.

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

The company 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 2.82%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of research reports. Piper Sandler increased their target price 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. Stephens increased their target price 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. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.