Raymond James Financial Services Advisors Inc. cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Free Report) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,097 shares of the financial services provider’s stock after selling 12,301 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,507,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of HOMB. Parallel Advisors LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 544.9% in the 1st quarter. Parallel Advisors LLC now owns 1,193 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,008 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth about $30,000. Jefferies Financial Group Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $63,000. Ronald Blue Trust Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 83.1% in the 1st quarter. Ronald Blue Trust Inc. now owns 2,808 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Money Concepts Capital Corp purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $72,000. Hedge funds and other institutional investors own 64.32% of the company’s stock.
Insider Activity at Home Bancshares, Inc. (Conway, AR)
In other news, CEO Tracy French purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was acquired at an average price of $19.78 per share, with a total value of $79,120.00. Following the purchase, the chief executive officer now owns 172,949 shares in the company, valued at approximately $3,420,931.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.72% of the stock is currently owned by company insiders.
Home Bancshares, Inc. (Conway, AR) Trading Down 1.2 %
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on HOMB. Royal Bank of Canada dropped their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $25.00 in a research note on Tuesday, October 10th. StockNews.com began coverage on Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, October 5th. They set a “sell” rating on the stock. Stephens lowered their target price on Home Bancshares, Inc. (Conway, AR) from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 20th. Finally, Piper Sandler lowered their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.75.
View Our Latest Analysis on HOMB
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.
Featured Stories
- Five stocks we like better than Home Bancshares, Inc. (Conway, AR)
- How to Invest in EV Charging Stations
- The top 3 stocks insiders are selling, but you shouldn’t
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Spirit AeroSystems Goes Airborne After Inking a Boeing Deal
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Simon Property Group’s 7.2% Dividend Has Insiders Buying In Bulk
Want to see what other hedge funds are holding HOMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Free Report).
Receive News & Ratings for Home Bancshares Inc. (Conway AR) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancshares Inc. (Conway AR) and related companies with MarketBeat.com's FREE daily email newsletter.
