Natixis Advisors LLC Acquires 7,079 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Natixis Advisors LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160,438 shares of the financial services provider’s stock after acquiring an additional 7,079 shares during the period. Natixis Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $4,347,000 at the end of the most recent reporting period.

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. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% in the second 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. Bessemer Group Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 15.0% in the first quarter. Bessemer Group Inc. now owns 44,216 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 5,780 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 426.7% during the second 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock worth $8,544,000 after purchasing an additional 28,761 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction dated 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 $104,664.24. This trade represents a 36.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders have sold a total of 90,997 shares of company stock valued at $2,782,548 over the last ninety days. Company insiders own 7.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HOMB shares. Royal Bank of Canada restated a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Piper Sandler upped their price objective on 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 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, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and an average price target of $28.25.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $31.66 on Friday. The firm has a fifty day simple moving average of $27.93 and a two-hundred day simple moving average of $26.21. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a twelve month low of $21.70 and a twelve month high of $31.75. The company has a market capitalization of $6.29 billion, a PE ratio of 16.32 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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $258.90 million. During the same period last year, the business earned $0.47 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% on a year-over-year basis. Research analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The company 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. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.46%. Home Bancshares, Inc. (Conway, AR)’s dividend 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.