Atria Wealth Solutions Inc. Takes Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Atria Wealth Solutions Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,874 shares of the financial services provider's stock, valued at approximately $619,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HOMB. Blue Trust Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock worth $49,000 after purchasing an additional 528 shares in the last quarter. Dakota Wealth Management acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth $208,000. State of Alaska Department of Revenue grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider's stock worth $588,000 after buying an additional 1,460 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 115.5% in the third quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider's stock valued at $1,884,000 after buying an additional 37,266 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 40.0% in the third 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 in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

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Home Bancshares, Inc. (Conway, AR) Trading Up 2.1 %

Shares of NYSE HOMB traded up $0.62 during midday trading on Friday, reaching $29.97. 1,009,712 shares of the stock were exchanged, compared to its average volume of 1,089,811. The stock has a market capitalization of $5.96 billion, a P/E ratio of 14.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The company has a 50 day simple moving average of $29.45 and a 200 day simple moving average of $28.69. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90.

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 (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same period last year, the business earned $0.43 EPS. Home Bancshares, Inc. (Conway, AR)'s revenue was up 5.2% compared to the same quarter last year. As a group, 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 firm also recently disclosed 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. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HOMB. Hovde Group dropped their price objective on shares of 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. Keefe, Bruyette & Woods upped their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Stephens restated an "overweight" rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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

In related news, CEO John W. Allison purchased 10,000 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 7.66% of the stock is currently owned by corporate insiders.

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.