Van ECK Associates Corp Purchases 29,171 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Van ECK Associates Corp increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 40.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,093 shares of the financial services provider's stock after buying an additional 29,171 shares during the period. Van ECK Associates Corp owned about 0.05% of Home Bancshares, Inc. (Conway, AR) worth $2,763,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HOMB. Harbor Capital Advisors Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 115.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider's stock worth $1,884,000 after acquiring an additional 37,266 shares during the period. State of Alaska Department of Revenue lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider's stock valued at $588,000 after purchasing an additional 1,460 shares during the last quarter. Tectonic Advisors LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 7.2% during the third quarter. Tectonic Advisors LLC now owns 60,003 shares of the financial services provider's stock worth $1,625,000 after purchasing an additional 4,004 shares during the period. Dakota Wealth Management purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth about $208,000. Finally, International Assets Investment Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider's stock valued at $352,520,000 after purchasing an additional 1,253,259 shares during the period. Institutional investors own 67.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Piper Sandler raised their price target 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. Stephens boosted 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 note on Friday, October 18th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $28.25.

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

Shares of HOMB traded up $1.11 during mid-day trading on Monday, reaching $30.95. 980,203 shares of the stock traded hands, compared to its average volume of 977,764. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Home Bancshares, Inc. has a 1 year low of $20.45 and a 1 year high of $31.31. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 15.95 and a beta of 1.05. The firm has a fifty day moving average price of $27.16 and a 200 day moving average price of $25.77.

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 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The company had revenue of $258.00 million during the quarter, compared to analysts' expectations of $258.90 million. During the same period in the prior year, the firm earned $0.47 EPS. Home Bancshares, Inc. (Conway, AR)'s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts predict that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

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 2.52%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 40.21%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the chief accounting officer now directly owns 3,468 shares of the company's stock, valued at approximately $104,664.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, 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 completion of the sale, the chief accounting officer now directly owns 3,468 shares in the company, valued at $104,664.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on 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 in the company, valued at $5,999,753.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

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.