Copeland Capital Management LLC Grows Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Copeland Capital Management LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,240,644 shares of the financial services provider's stock after buying an additional 28,604 shares during the quarter. Home Bancshares, Inc. (Conway, AR) accounts for about 1.5% of Copeland Capital Management LLC's investment portfolio, making the stock its 13th largest position. Copeland Capital Management LLC owned approximately 1.62% of Home Bancshares, Inc. (Conway, AR) worth $87,789,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter worth $31,000. UMB Bank n.a. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock worth $33,000 after buying an additional 795 shares during the period. GAMMA Investing LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock worth $35,000 after buying an additional 427 shares in the last quarter. Blue Trust Inc. increased its stake in 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 in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) during the second quarter valued at about $75,000. 67.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th. Piper Sandler upped their price target 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. Stephens 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. Finally, Royal Bank of Canada restated 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $28.25.

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

Shares of HOMB traded up $0.25 during mid-day trading on Tuesday, hitting $26.75. 1,023,502 shares of the stock were exchanged, compared to its average volume of 971,157. The firm has a 50-day moving average of $26.91 and a two-hundred day moving average of $25.35. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $28.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $5.36 billion, a PE ratio of 13.66 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business had revenue of $258.00 million for the quarter, compared to analysts' expectations of $258.90 million. During the same period in the previous year, the company earned $0.47 EPS. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were given a $0.195 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.78 annualized dividend and a yield of 2.92%. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 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.