Strs Ohio Acquires 800 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Strs Ohio raised its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,700 shares of the financial services provider’s stock after acquiring an additional 800 shares during the period. Strs Ohio’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 702 shares in the last quarter. Godsey & Gibb Inc. purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at $164,000. Gradient Investments LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at $182,000. Trust Point Inc. purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $249,000. Finally, Sunbelt Securities Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 1,616.7% during 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. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was 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 filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was 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 filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $540,041.04. Following the transaction, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. Insiders have sold a total of 45,606 shares of company stock worth $1,101,008 over the last quarter. Company insiders own 7.66% of the company’s stock.

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

HOMB stock opened at $24.42 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $23.66 and its two-hundred day simple moving average is $23.27. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 12.59 and a beta of 1.11.

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

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

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

Analysts Set New Price Targets

Several research firms recently weighed in on HOMB. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Piper Sandler increased their price target 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. Finally, Stephens increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

About Home Bancshares, Inc. (Conway, AR)

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.