Raymond James & Associates Boosts Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Raymond James & Associates raised its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 7.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 110,198 shares of the financial services provider’s stock after purchasing an additional 8,110 shares during the period. Raymond James & Associates’ holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,791,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Handelsinvest Investeringsforvaltning purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $494,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 92.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 64,815 shares of the financial services provider’s stock valued at $1,357,000 after buying an additional 31,072 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1,616.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,300 shares of the financial services provider’s stock valued at $216,000 after buying an additional 9,700 shares during the period. Wellington Management Group LLP raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,750,210 shares of the financial services provider’s stock valued at $57,589,000 after buying an additional 38,568 shares during the period. Finally, Graham Capital Management L.P. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $426,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HOMB. Piper Sandler boosted their price objective 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 report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.00.

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

Shares of NYSE HOMB opened at $22.93 on Monday. The stock’s 50-day moving average is $23.59 and its two-hundred day moving average is $23.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.89 and a quick ratio of 0.89. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 11.76 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share for the quarter, topping 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 company had revenue of $245.62 million for the quarter, compared to the consensus estimate of $238.50 million. Analysts forecast that Home Bancshares, Inc. will post 1.88 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders 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 3.14%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 36.92%.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

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