Barclays PLC Purchases 166,927 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Barclays PLC boosted its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 65.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,952 shares of the financial services provider's stock after acquiring an additional 166,927 shares during the quarter. Barclays PLC owned 0.21% of Home Bancshares, Inc. (Conway, AR) worth $11,458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 10.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider's stock worth $8,544,000 after purchasing an additional 28,761 shares in the last quarter. LMR Partners LLP acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $493,000. Citigroup Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 12.2% during the 3rd quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider's stock worth $7,831,000 after buying an additional 31,493 shares in the last quarter. Creative Planning boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% during the 2nd quarter. Creative Planning now owns 601,926 shares of the financial services provider's stock worth $14,422,000 after buying an additional 166,324 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $439,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HOMB shares. Stephens increased 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 report on Friday, October 18th. Royal Bank of Canada reissued a "sector perform" rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Piper Sandler lifted 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 report on Friday, October 18th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $30.50.

Insider Buying and Selling

In other news, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction that occurred 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 represents a 36.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,997 shares of company stock valued at $2,782,548. Insiders own 7.66% of the company's stock.

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

Shares of NYSE:HOMB traded down $0.69 on Tuesday, hitting $29.77. The company had a trading volume of 1,106,400 shares, compared to its average volume of 967,686. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 15.48 and a beta of 1.08. The stock has a 50 day moving average price of $29.28 and a 200 day moving average price of $27.02. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). The company had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. Analysts expect that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The company also recently announced 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 of this dividend was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.62%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 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.