Van ECK Associates Corp Purchases 13,174 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Van ECK Associates Corp lifted its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 38.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,850 shares of the financial services provider’s stock after purchasing an additional 13,174 shares during the period. Van ECK Associates Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $35,000. MCF Advisors LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $98,000. Allspring Global Investments Holdings LLC raised its position in 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 purchasing an additional 702 shares during the last quarter. Bailard Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $203,000. Finally, Gradient Investments LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth about $182,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HOMB. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Piper Sandler raised their price target 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, Stephens upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $26.00.

Insider Activity

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction on 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 in the company, valued at $24,530. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian Davis sold 20,544 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,606 shares of company stock worth $1,101,008. Company insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.7 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $24.80 on Friday. The stock’s 50-day moving average is $23.84 and its 200 day moving average is $23.46. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 12.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.89.

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

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

The business also recently declared 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. This represents a $0.72 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 37.11%.

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.