Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stake Raised by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 25.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,437 shares of the financial services provider's stock after buying an additional 37,549 shares during the period. Aptus Capital Advisors LLC owned about 0.09% of Home Bancshares, Inc. (Conway, AR) worth $5,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aigen Investment Management LP bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at approximately $215,000. Los Angeles Capital Management LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 139.5% during the third quarter. Los Angeles Capital Management LLC now owns 31,812 shares of the financial services provider's stock valued at $862,000 after purchasing an additional 18,530 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth $215,000. Van ECK Associates Corp lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider's stock worth $2,763,000 after buying an additional 29,171 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 115.5% during the third quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider's stock worth $1,884,000 after acquiring an additional 37,266 shares during the period. Institutional investors own 67.31% of the company's stock.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the director now directly owns 199,195 shares in the company, valued at approximately $5,999,753.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Jack Engelkes sold 25,000 shares of the firm's stock in a transaction 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 completion of the sale, the director now directly owns 199,195 shares of the company's stock, valued at $5,999,753.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business'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 sale, the chief accounting officer now directly owns 3,468 shares in the company, valued at $104,664.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Stephens increased their target price 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. Royal Bank of Canada reissued a "sector perform" rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, Piper Sandler increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $28.25.

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

HOMB stock traded down $0.25 during trading on Wednesday, reaching $30.80. 1,419,933 shares of the company's stock were exchanged, compared to its average volume of 986,171. The firm has a market cap of $6.12 billion, a PE ratio of 15.88 and a beta of 1.05. 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 1-year low of $21.28 and a 1-year high of $31.33. The company's fifty day moving average price is $27.36 and its 200-day moving average price is $25.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its 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 net margin of 26.69% and a return on equity of 10.33%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the prior year, the company earned $0.47 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.53%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 40.21%.

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.