Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 139.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,812 shares of the financial services provider’s stock after purchasing an additional 18,530 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HOMB. Dimensional Fund Advisors LP lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after purchasing an additional 490,718 shares during the period. Copeland Capital Management LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 0.9% during the third quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock worth $87,789,000 after buying an additional 28,604 shares during the period. Bank of New York Mellon Corp boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock worth $51,919,000 after buying an additional 11,499 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after buying an additional 1,253,259 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 929,038 shares of the financial services provider’s stock valued at $22,260,000 after acquiring an additional 4,065 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

HOMB has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Piper Sandler boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Stephens upped their price objective on 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.25.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $30.84 on Friday. The firm has a fifty day moving average of $27.51 and a 200-day moving average of $25.98. Home Bancshares, Inc. has a 52-week low of $21.70 and a 52-week high of $31.33. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $6.13 billion, a P/E ratio of 15.90 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly 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 company had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. As a group, analysts predict that Home Bancshares, Inc. will post 2.04 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, December 4th. Investors of record on Wednesday, November 13th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.66% of the stock is owned by company insiders.

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.