Lathrop Investment Management Corp Sells 1,034 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Lathrop Investment Management Corp trimmed its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,748 shares of the financial services provider’s stock after selling 1,034 shares during the quarter. Lathrop Investment Management Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $703,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $35,000. MCF Advisors LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $98,000. Allspring Global Investments Holdings LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 12.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock valued at $134,000 after purchasing an additional 702 shares in the last quarter. Godsey & Gibb Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at approximately $164,000. Finally, Gradient Investments LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth $182,000. 67.31% of the stock is currently owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.4 %

Shares of HOMB traded down $0.10 during midday trading on Friday, hitting $24.42. The stock had a trading volume of 686,416 shares, compared to its average volume of 915,510. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The firm has a market cap of $4.91 billion, a PE ratio of 12.59 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.89. The stock’s 50 day moving average is $23.66 and its 200 day moving average is $23.25.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. The company had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. As a group, analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.95%. The ex-dividend date is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stephens boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Piper Sandler boosted their target price on shares of 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 reissued a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and a consensus target price of $26.00.

Insider Buying and Selling

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at approximately $24,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Allison bought 20,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the transaction, the chief executive officer now directly owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The disclosure for this purchase can be found here. Insiders have sold 45,606 shares of company stock valued at $1,101,008 in the last 90 days. Company insiders own 7.66% of the company’s stock.

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.