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

Intech Investment Management LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,146 shares of the financial services provider’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 13.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,782 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 2,004 shares in the last quarter. Argent Trust Co acquired a new position in Home Bancshares, Inc. (Conway, AR) in the second quarter valued at approximately $228,000. Disciplined Investments LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the second quarter valued at approximately $470,000. Dimensional Fund Advisors LP boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after purchasing an additional 490,718 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 475,221 shares of the financial services provider’s stock valued at $11,386,000 after purchasing an additional 4,873 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Piper Sandler increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Stephens reissued an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.25.

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

Shares of NYSE HOMB opened at $26.83 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a fifty day moving average price of $27.09 and a 200 day moving average price of $25.01. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $28.99. The company has a market cap of $5.37 billion, a PE ratio of 13.83 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm had revenue of $254.60 million during the quarter, compared to the consensus estimate of $247.26 million. During the same period last year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Sell-side analysts forecast that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were issued a dividend of $0.195 per share. The ex-dividend date was Wednesday, August 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 2.91%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

Insider Buying and Selling

In related news, CFO Brian Davis sold 15,391 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $26.89, for a total transaction of $413,863.99. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now owns 89,192 shares in the company, valued at $2,398,372.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kevin Hester sold 25,263 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Company 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.