International Assets Investment Management LLC Boosts Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

International Assets Investment Management LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 2,609.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,301,295 shares of the financial services provider's stock after acquiring an additional 1,253,259 shares during the period. International Assets Investment Management LLC owned about 0.65% of Home Bancshares, Inc. (Conway, AR) worth $352,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HOMB. Dimensional Fund Advisors LP lifted its stake in Home Bancshares, Inc. (Conway, AR) by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider's stock worth $156,946,000 after acquiring an additional 490,718 shares during the period. AQR Capital Management LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% during the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider's stock valued at $7,671,000 after purchasing an additional 264,627 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter valued at approximately $4,738,000. Creative Planning increased its holdings in Home Bancshares, Inc. (Conway, AR) by 38.2% during the second quarter. Creative Planning now owns 601,926 shares of the financial services provider's stock valued at $14,422,000 after buying an additional 166,324 shares during the period. Finally, Natixis Advisors LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 111.3% in the second quarter. Natixis Advisors LLC now owns 153,359 shares of the financial services provider's stock worth $3,674,000 after buying an additional 80,770 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.0 %

Shares of HOMB stock traded down $0.26 during trading hours on Friday, reaching $26.89. 719,301 shares of the company's stock were exchanged, compared to its average volume of 971,652. The stock has a market cap of $5.39 billion, a PE ratio of 14.00 and a beta of 1.05. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. The stock's fifty day moving average price is $26.97 and its two-hundred day moving average price is $25.40. Home Bancshares, Inc. has a 1 year low of $19.87 and a 1 year high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted 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). The company had revenue of $258.00 million during the quarter, compared to analysts' expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The company's quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Research analysts predict that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 40.21%.

Analyst Ratings Changes

Several analysts have issued reports on HOMB shares. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Friday. Piper Sandler raised their price objective on 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. Stephens boosted 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 report on Friday, October 18th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $28.00 price target 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 assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $28.25.

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.