Intech Investment Management LLC Grows Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Intech Investment Management LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 236.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,160 shares of the financial services provider’s stock after buying an additional 24,014 shares during the quarter. Intech Investment Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $925,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Advisors LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at $543,000. Harbor Capital Advisors Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 24,052 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 426.7% during the 2nd quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 41,551 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 10.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock valued at $8,544,000 after purchasing an additional 28,761 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at $493,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on HOMB. Stephens raised their target price 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. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Piper Sandler raised their target price 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. Finally, Royal Bank of Canada reaffirmed 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.0 %

HOMB stock opened at $31.76 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 16.37 and a beta of 1.05. Home Bancshares, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $32.90. The stock has a fifty day moving average of $28.29 and a 200-day moving average of $26.41.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the previous year, the company posted $0.47 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts predict that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.46%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the transaction, the director now owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $60,360.00. Following the completion of the transaction, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This represents a 36.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,997 shares of company stock worth $2,782,548 in the last quarter. 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.