State of Alaska Department of Revenue Purchases 1,460 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

State of Alaska Department of Revenue raised its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,732 shares of the financial services provider’s stock after buying an additional 1,460 shares during the quarter. State of Alaska Department of Revenue’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $588,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at approximately $31,000. UMB Bank n.a. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 795 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 528 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth about $75,000. 67.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at $104,664.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jack Engelkes sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now owns 199,195 shares of the company’s stock, valued at $5,999,753.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HOMB shares. Piper Sandler upped their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Stephens upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 4.4 %

Shares of HOMB stock opened at $29.43 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The firm has a market cap of $5.85 billion, a P/E ratio of 15.17 and a beta of 1.05. The business has a 50-day moving average price of $27.12 and a two-hundred day moving average price of $25.72. Home Bancshares, Inc. has a 12-month low of $20.45 and a 12-month high of $30.85.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 EPS. Equities analysts anticipate that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 40.21%.

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.