Amalgamated Bank reduced its holdings in Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,255 shares of the financial services provider's stock after selling 4,379 shares during the quarter. Amalgamated Bank's holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,175,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. EJF Capital LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth approximately $3,051,000. Neuberger Berman Group LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 9.3% during the first quarter. Neuberger Berman Group LLC now owns 15,390 shares of the financial services provider's stock valued at $348,000 after purchasing an additional 1,307 shares in the last quarter. Avalon Investment & Advisory boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 13.8% during the first quarter. Avalon Investment & Advisory now owns 164,245 shares of the financial services provider's stock valued at $3,712,000 after purchasing an additional 19,896 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 11.0% during the first quarter. Advisors Asset Management Inc. now owns 92,690 shares of the financial services provider's stock valued at $2,095,000 after purchasing an additional 9,204 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter valued at approximately $299,000. 59.78% of the stock is currently owned by institutional investors.
Get Home Bancshares Inc. (Conway AR) alerts:Analyst Ratings Changes
Several equities research analysts recently weighed in on HOMB shares. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, August 11th. TheStreet upgraded Home Bancshares, Inc. (Conway, AR) from a "c+" rating to a "b" rating in a research report on Tuesday, August 16th.
Home Bancshares, Inc. (Conway, AR) Stock Down 1.2 %
Shares of NASDAQ:HOMB opened at $23.04 on Friday. The stock has a fifty day simple moving average of $23.65 and a two-hundred day simple moving average of $22.45. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 16.58 and a beta of 1.21. Home Bancshares, Inc. has a 12-month low of $19.83 and a 12-month high of $26.64. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.25.Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.09. The business had revenue of $243.30 million during the quarter, compared to analysts' expectations of $226.63 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.50% and a net margin of 28.43%. The firm's quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, research analysts anticipate that Home Bancshares, Inc. will post 1.91 earnings per share for the current fiscal year.
Home Bancshares, Inc. (Conway, AR) Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Tuesday, August 16th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 47.48%.
Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)
In other news, COO John Stephen Tipton sold 18,000 shares of the business's stock in a transaction on Friday, August 5th. The stock was sold at an average price of $23.77, for a total value of $427,860.00. Following the completion of the transaction, the chief operating officer now owns 8,308 shares in the company, valued at $197,481.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO John Stephen Tipton sold 18,000 shares of the business's stock in a transaction on Friday, August 5th. The stock was sold at an average price of $23.77, for a total value of $427,860.00. Following the completion of the transaction, the chief operating officer now owns 8,308 shares in the company, valued at $197,481.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jim Rankin sold 11,032 shares of the business's stock in a transaction on Tuesday, September 20th. The stock was sold at an average price of $24.07, for a total value of $265,540.24. Following the completion of the transaction, the director now owns 209,817 shares of the company's stock, valued at approximately $5,050,295.19. The disclosure for this sale can be found here. 9.11% of the stock is owned by company insiders.
Home Bancshares, Inc. (Conway, AR) Company Profile
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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.
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