Allspring Global Investments Holdings LLC Buys 28,761 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Allspring Global Investments Holdings LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 315,379 shares of the financial services provider's stock after acquiring an additional 28,761 shares during the period. Allspring Global Investments Holdings LLC owned 0.16% of Home Bancshares, Inc. (Conway, AR) worth $8,544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HOMB. GAMMA Investing LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 427 shares in the last quarter. Blue Trust Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 41.6% in 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 in the last quarter. Inspire Investing LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 3.6% in the third quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider's stock valued at $413,000 after acquiring an additional 529 shares during the last quarter. Bank of Montreal Can increased its stake in Home Bancshares, Inc. (Conway, AR) by 4.0% in the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider's stock valued at $438,000 after acquiring an additional 701 shares during the last quarter. Finally, UMB Bank n.a. raised its position 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 valued at $33,000 after purchasing an additional 795 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock traded down $0.28 on Friday, hitting $26.87. The stock had a trading volume of 719,301 shares, compared to its average volume of 892,252. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a one year low of $19.87 and a one year high of $28.99. The stock's 50-day simple moving average is $26.98 and its two-hundred day simple moving average is $25.44. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 13.85 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced 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 firm had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)'s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 2.06 EPS for the current year.

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

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

Analysts Set New Price Targets

HOMB has been the topic of several recent research reports. Piper Sandler increased 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. Royal Bank of Canada reaffirmed 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 raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Stephens upped 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 note on Friday, October 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $28.25.

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.