Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 14.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 725,572 shares of the financial services provider's stock after purchasing an additional 94,190 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.36% of Home Bancshares, Inc. (Conway, AR) worth $20,534,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock valued at $33,000 after acquiring 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 last quarter. Trust Co. of Vermont purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $40,000. Blue Trust Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd 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 during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 2nd quarter valued at approximately $75,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the transaction, the director now directly owns 199,195 shares of the company's stock, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,000 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the sale, the chief accounting officer now directly owns 3,468 shares of the company's stock, valued at $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock valued at $2,782,548 in the last three months. Corporate insiders own 7.66% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.7 %

Shares of HOMB stock traded up $0.21 during trading hours on Thursday, hitting $30.05. 626,790 shares of the company were exchanged, compared to its average volume of 1,249,731. The firm has a fifty day moving average of $29.73 and a 200 day moving average of $28.00. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The firm has a market cap of $5.97 billion, a PE ratio of 14.88 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $258.40 million for the quarter, compared to analysts' expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. Analysts expect that Home Bancshares, Inc. will post 2.18 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be issued 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 2.60%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 38.61%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HOMB. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Piper Sandler boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods raised their target price 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 report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.00.

Home Bancshares, Inc. (Conway, AR) 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.