Creative Planning Acquires 166,324 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Creative Planning raised its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 38.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 601,926 shares of the financial services provider’s stock after purchasing an additional 166,324 shares during the quarter. Creative Planning’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $14,422,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at approximately $31,000. TFO Wealth Partners LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,629 shares during the period. Point72 DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the second quarter worth $75,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the second quarter worth $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter worth $129,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HOMB has been the topic of a number of research 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, July 24th. Stephens restated an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Piper Sandler raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and an average target price of $27.25.

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

Shares of HOMB stock opened at $27.08 on Tuesday. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 13.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day simple moving average of $27.09 and a 200 day simple moving average of $25.03. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data 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. The business had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. On average, sell-side analysts predict that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.195 per share. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, August 14th. This represents a $0.78 annualized dividend and a yield of 2.88%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

Insiders Place Their Bets

In related news, insider Kevin Hester sold 25,263 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $27.00, for a total transaction of $682,101.00. Following the completion of the transaction, the insider now owns 114,912 shares in the company, valued at $3,102,624. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now directly owns 114,912 shares of the company’s stock, valued at $3,102,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) 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 transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,398,372.88. 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.