Point72 DIFC Ltd Grows Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Point72 DIFC Ltd raised its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 708.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,392 shares of the financial services provider's stock after buying an additional 22,253 shares during the period. Point72 DIFC Ltd's holdings in Home Bancshares, Inc. (Conway, AR) were worth $688,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of 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 worth $35,000 after acquiring an additional 427 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider's stock valued at $2,326,000 after purchasing an additional 481 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 purchasing an additional 528 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% during the third quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider's stock worth $413,000 after buying an additional 529 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 4.0% during the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider's stock worth $438,000 after buying an additional 701 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HOMB. Piper Sandler boosted 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. Stephens boosted their target price on 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. Royal Bank of Canada restated a "sector perform" rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods upped 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 report on Wednesday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of "Hold" and a consensus price target of $30.50.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated 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 directly owns 199,195 shares of the company's stock, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the sale, the chief accounting officer now directly owns 3,468 shares in the company, 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 three months, insiders have sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is currently owned by insiders.

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

Shares of HOMB stock remained flat at $31.01 during trading on Friday. 509,358 shares of the stock traded hands, compared to its average volume of 973,415. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 15.98 and a beta of 1.08. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. The firm's 50-day moving average price is $28.79 and its two-hundred day moving average price is $26.69.

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 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $258.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. As a group, equities research analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.52%. The ex-dividend date was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 40.21%.

Home Bancshares, Inc. (Conway, AR) Company 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.