Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 57.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,200 shares of the financial services provider's stock after acquiring an additional 142,900 shares during the quarter. Hodges Capital Management Inc. owned 0.20% of Home Bancshares, Inc. (Conway, AR) worth $11,127,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider's stock valued at $8,544,000 after purchasing an additional 28,761 shares during the period. LMR Partners LLP purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth $493,000. Citigroup Inc. raised its position in shares of 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 valued at $7,831,000 after purchasing an additional 31,493 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock valued at $647,000 after buying an additional 17,563 shares in the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth $439,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HOMB. Hovde Group cut their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. 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. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Stephens restated an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $32.00.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In related news, CEO John W. Allison bought 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Pat Hickman sold 63,997 shares of the stock in a transaction dated 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 transaction, the director now directly owns 175,500 shares of the company's stock, valued at $5,400,135. This represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.8 %

NYSE HOMB traded up $0.25 during trading on Thursday, hitting $31.16. The company's stock had a trading volume of 876,968 shares, compared to its average volume of 1,200,690. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The company has a market cap of $6.20 billion, a PE ratio of 15.43 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The business's 50 day simple moving average is $29.56 and its 200-day simple moving average is $28.34.

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 firm had revenue of $258.40 million for the quarter, compared to analysts' expectations of $256.67 million. During the same period in the previous year, the company earned $0.43 earnings per share. The company's revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Home Bancshares, Inc. will post 2.18 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.61%.

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.