Harbor Capital Advisors Inc. Has $1.88 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Harbor Capital Advisors Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 115.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,540 shares of the financial services provider's stock after purchasing an additional 37,266 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at $31,000. UMB Bank n.a. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during 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 last quarter. GAMMA Investing LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during 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 during the last quarter. Blue Trust Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during 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 during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth $75,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

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

Shares of HOMB traded up $0.44 during midday trading on Tuesday, hitting $27.38. 649,907 shares of the stock traded hands, compared to its average volume of 966,075. Home Bancshares, Inc. has a 1-year low of $20.45 and a 1-year high of $28.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market capitalization of $5.47 billion, a PE ratio of 14.11 and a beta of 1.05. The business's 50 day moving average price is $27.02 and its two-hundred day moving average price is $25.66.

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 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 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 for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. Equities research analysts predict that Home Bancshares, Inc. will post 2.05 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.195 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.85%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 40.21%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HOMB shares. StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a research report on Thursday, October 31st. Stephens upped their price target 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. Royal Bank of Canada reaffirmed 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. Finally, Piper Sandler 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 report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus 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.