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

Geode Capital Management LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,465,144 shares of the financial services provider's stock after acquiring an additional 60,588 shares during the quarter. Geode Capital Management LLC owned about 2.25% of Home Bancshares, Inc. (Conway, AR) worth $120,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in 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 acquiring an additional 795 shares during the last quarter. GAMMA Investing LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock worth $35,000 after acquiring an additional 427 shares during the last quarter. Blue Trust Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock worth $49,000 after acquiring an additional 528 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $76,000. Finally, Point72 DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the second quarter worth about $75,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) 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 approximately $5,999,753.40. This trade represents a 11.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares of the company's stock, 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 quarter, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of recent research reports. Stephens increased their target price on 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. Royal Bank of Canada reiterated 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 upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods increased their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Piper Sandler increased their target price on 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.50.

Home Bancshares, Inc. (Conway, AR) Stock Down 4.8 %

HOMB stock traded down $1.42 during midday trading on Wednesday, hitting $28.35. 1,245,145 shares of the company's stock were exchanged, compared to its average volume of 968,823. 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. has a 12-month low of $22.38 and a 12-month high of $32.90. The firm has a 50 day moving average price of $29.36 and a 200-day moving average price of $27.06. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 14.61 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business had revenue of $258.00 million for the quarter, compared to analysts' expectations of $258.90 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts anticipate that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.75%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 40.21%.

About Home Bancshares, Inc. (Conway, AR)

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.