Olstein Capital Management L.P. Has $1.79 Million Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Olstein Capital Management L.P. lessened its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 23.3% during the third quarter, Holdings Channel.com reports. The fund owned 66,000 shares of the financial services provider’s stock after selling 20,000 shares during the period. Olstein Capital Management L.P.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOMB. UMB Bank n.a. increased its position in shares of 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 purchasing an additional 795 shares during the period. EntryPoint Capital LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at about $31,000. GAMMA Investing LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after buying an additional 427 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 528 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Home Bancshares, Inc. (Conway, AR) during the second quarter valued at approximately $75,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Stock Down 2.5 %

Shares of HOMB traded down $0.76 on Thursday, reaching $30.01. The company’s stock had a trading volume of 118,267 shares, compared to its average volume of 971,192. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5.97 billion, a PE ratio of 15.86 and a beta of 1.05. The firm has a fifty day moving average of $27.09 and a 200-day moving average of $25.70. Home Bancshares, Inc. has a twelve month low of $20.45 and a twelve month high of $30.85.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data 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 business had revenue of $258.00 million during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. Equities analysts predict that Home Bancshares, Inc. will post 2.05 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a $0.195 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Analysts Set New Price Targets

HOMB has been the topic of a number of research reports. Stephens boosted their target price on shares of 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. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, Piper Sandler lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.25.

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.