Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 385,271 shares of the financial services provider's stock after acquiring an additional 69,892 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.19% of Home Bancshares, Inc. (Conway, AR) worth $10,714,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HOMB. LMR Partners LLP acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth approximately $493,000. Citigroup Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 12.2% during the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider's stock valued at $7,831,000 after acquiring an additional 31,493 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% during the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock worth $647,000 after purchasing an additional 17,563 shares during the period. Alpha DNA Investment Management LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth $439,000. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 purchasing an additional 134,741 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 7.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HOMB shares. Keefe, Bruyette & Woods lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Hovde Group dropped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Stephens reiterated an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $32.00.

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

Shares of NYSE:HOMB traded down $0.39 during midday trading on Friday, reaching $29.45. 1,109,470 shares of the company traded hands, compared to its average volume of 952,187. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 14.58 and a beta of 1.10. The firm's fifty day moving average price is $29.40 and its two-hundred day moving average price is $28.57.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million for the quarter, compared to analysts' expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, equities analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.61%.

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.