Copeland Capital Management LLC Purchases 19,290 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Copeland Capital Management LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,259,934 shares of the financial services provider's stock after purchasing an additional 19,290 shares during the quarter. Home Bancshares, Inc. (Conway, AR) makes up 1.7% of Copeland Capital Management LLC's investment portfolio, making the stock its 9th biggest holding. Copeland Capital Management LLC owned approximately 1.64% of Home Bancshares, Inc. (Conway, AR) worth $92,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock worth $33,000 after purchasing an additional 795 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 427 shares during the period. Trust Co. of Vermont purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $40,000. Blue Trust Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock worth $49,000 after buying an additional 528 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $76,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE:HOMB traded up $0.21 during trading hours on Wednesday, hitting $30.66. 322,487 shares of the company's stock traded hands, compared to its average volume of 1,193,813. The company's fifty day simple moving average is $29.57 and its two-hundred day simple moving average is $28.32. The company has a market cap of $6.09 billion, a price-to-earnings ratio of 15.18 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. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $256.67 million. During the same quarter last year, the firm posted $0.43 EPS. The company's quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Home Bancshares, Inc. will post 2.18 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.54%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the completion of the sale, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.66% of the company's stock.

Analyst Upgrades and Downgrades

HOMB has been the subject of several recent research reports. Hovde Group lowered their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Keefe, Bruyette & Woods lifted their price target 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Stephens reaffirmed an "overweight" rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Piper Sandler boosted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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.