Intech Investment Management LLC Has $925,000 Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Intech Investment Management LLC increased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 236.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LMR Partners LLP acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter valued at approximately $493,000. Thrivent Financial for Lutherans increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after buying an additional 481 shares during the period. Natixis Advisors LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 4.6% in the third quarter. Natixis Advisors LLC now owns 160,438 shares of the financial services provider’s stock valued at $4,347,000 after buying an additional 7,079 shares during the period. Victory Capital Management Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 5.4% in the third quarter. Victory Capital Management Inc. now owns 277,485 shares of the financial services provider’s stock valued at $7,517,000 after acquiring an additional 14,305 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 25.1% in the third quarter. Aptus Capital Advisors LLC now owns 187,437 shares of the financial services provider’s stock valued at $5,078,000 after acquiring an additional 37,549 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. 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. Piper Sandler upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Stephens upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.25.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other news, Director Jack Engelkes sold 25,000 shares of the company’s 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 transaction, the director now directly owns 199,195 shares of the company’s stock, valued at $5,999,753.40. This represents a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares in the company, valued at $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock valued at $2,782,548 over the last ninety days. 7.66% of the stock is owned by company insiders.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $31.76 on Friday. The stock 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 52-week low of $21.70 and a 52-week high of $32.90. The stock’s 50 day moving average price is $28.29 and its two-hundred day moving average price is $26.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 earnings per share. On average, equities analysts predict that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

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

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.