Dakota Wealth Management Has $258,000 Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Dakota Wealth Management increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,114 shares of the financial services provider’s stock after purchasing an additional 1,443 shares during the period. Dakota Wealth Management’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider’s stock valued at $20,534,000 after acquiring an additional 94,190 shares during the last quarter. UMB Bank n.a. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 777 shares during the period. Trust Co. of Vermont bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $40,000. Harbor Capital Advisors Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 374 shares during the period. Finally, Central Pacific Bank Trust Division boosted its stake in Home Bancshares, Inc. (Conway, AR) by 13.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 780 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

Shares of HOMB stock opened at $30.03 on Monday. The stock has a 50 day moving average of $29.70 and a two-hundred day moving average of $28.11. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90. The company has a market capitalization of $5.97 billion, a P/E ratio of 14.87 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. As a group, equities analysts expect that Home Bancshares, Inc. will post 2.18 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

Insider Buying and Selling

In related news, Director James Pat Hickman sold 63,997 shares of the firm’s 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 completion of the sale, the director now directly owns 175,500 shares of the company’s stock, valued at $5,400,135. This trade represents a 26.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at $104,664.24. This represents a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock worth $2,782,548 in the last 90 days. 7.66% of the stock is owned by company insiders.

Analysts Set New Price Targets

HOMB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Hovde Group decreased their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Piper Sandler raised their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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.