Fmr LLC Has $429,000 Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Fmr LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 51.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,847 shares of the financial services provider’s stock after purchasing an additional 5,417 shares during the quarter. Fmr LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOMB. Dimensional Fund Advisors LP boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after purchasing an additional 490,718 shares in the last quarter. Copeland Capital Management LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock worth $87,789,000 after buying an additional 28,604 shares during the period. Bank of New York Mellon Corp boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock worth $51,919,000 after acquiring an additional 11,499 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock valued at $55,430,000 after acquiring an additional 134,741 shares during the period. Finally, Fisher Asset Management LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 2.7% in the third quarter. Fisher Asset Management LLC now owns 1,765,799 shares of the financial services provider’s stock valued at $47,835,000 after acquiring an additional 47,259 shares during the period. 67.31% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.8 %

NYSE HOMB opened at $28.11 on Friday. The business’s fifty day moving average is $29.44 and its 200-day moving average is $27.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 14.49 and a beta of 1.08. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) 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 company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts predict 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 was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.195 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.77%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Analysts Set New Price Targets

HOMB has been the topic of a number of research reports. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Piper Sandler raised their price objective on shares of 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. Keefe, Bruyette & Woods lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. 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 report on Friday, October 18th. Finally, Stephens lifted their price target 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $30.50.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the sale, the director now owns 175,500 shares in the company, valued at $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction on 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 directly owns 3,468 shares of the company’s stock, valued at $104,664.24. The trade was a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,997 shares of company stock worth $2,782,548. 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.