International Assets Investment Management LLC Buys 1,168,716 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

International Assets Investment Management LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2,433.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,216,752 shares of the financial services provider’s stock after purchasing an additional 1,168,716 shares during the period. International Assets Investment Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $30,820,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOMB. Geneos Wealth Management Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter valued at approximately $31,000. Ronald Blue Trust Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 84.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 771 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $63,000. Money Concepts Capital Corp bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $72,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.4% in 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 acquiring an additional 702 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Price Performance

Home Bancshares, Inc. (Conway, AR) stock opened at $24.23 on Wednesday. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $25.80. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $23.61 and its 200 day simple moving average is $23.05. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 12.43 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The business had revenue of $245.62 million for the quarter, compared to the consensus estimate of $238.50 million. Sell-side analysts forecast that Home Bancshares, Inc. will post 1.88 EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.72 annualized dividend and a dividend yield of 2.97%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 36.92%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the sale, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the sale, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Allison bought 20,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were bought at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the transaction, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The disclosure for this purchase can be found here. Company insiders own 7.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HOMB. Piper Sandler upped their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.

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.