Los Angeles Capital Management LLC Buys 18,530 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Los Angeles Capital Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 139.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,812 shares of the financial services provider's stock after purchasing an additional 18,530 shares during the quarter. Los Angeles Capital Management LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Atria Investments Inc bought a new stake in Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $215,000. Van ECK Associates Corp increased its holdings 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 valued at $2,763,000 after purchasing an additional 29,171 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 115.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider's stock valued at $1,884,000 after acquiring an additional 37,266 shares during the period. State of Alaska Department of Revenue boosted 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 acquiring an additional 1,460 shares during the period. Finally, Tectonic Advisors LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd quarter. Tectonic Advisors LLC now owns 60,003 shares of the financial services provider's stock worth $1,625,000 after purchasing an additional 4,004 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

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

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were 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 approximately $104,664.24. This represents a 36.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jack Engelkes sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the transaction, the director now owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HOMB. Stephens increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. 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 raised their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $28.25.

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

Shares of HOMB stock traded up $0.21 on Friday, hitting $30.84. The company had a trading volume of 1,012,295 shares, compared to its average volume of 985,375. The stock's 50-day moving average is $27.51 and its two-hundred day moving average is $25.98. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $6.13 billion, a P/E ratio of 15.90 and a beta of 1.05. Home Bancshares, Inc. has a twelve month low of $21.70 and a twelve month high of $31.33.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued 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 firm had revenue of $258.00 million for the quarter, compared to the consensus estimate 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 business's revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a $0.195 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.53%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 40.21%.

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.