Amalgamated Bank Sells 4,168 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Amalgamated Bank reduced its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,966 shares of the financial services provider’s stock after selling 4,168 shares during the quarter. Amalgamated Bank owned 0.05% of Home Bancshares, Inc. (Conway, AR) worth $2,684,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,310 shares during the period. MCF Advisors LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $98,000. Allspring Global Investments Holdings LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 12.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 702 shares during the period. Finally, Bailard Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $203,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.2 %

HOMB opened at $24.84 on Friday. The company’s 50 day moving average is $23.87 and its 200-day moving average is $23.51. The company has a market cap of $4.98 billion, a P/E ratio of 12.80 and a beta of 1.09. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80. 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 posted its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The firm had revenue of $246.40 million for the quarter, compared to analysts’ expectations of $240.46 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. Equities research analysts predict that Home Bancshares, Inc. will post 1.93 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th will be given a $0.18 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 2.90%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

Insider Activity

In related news, CFO Brian Davis sold 20,544 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the transaction, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,186,987.84. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,606 shares of company stock valued at $1,101,008. 7.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HOMB shares. Stephens increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Piper Sandler boosted their price objective on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One 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.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and a consensus target price of $26.00.

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.