Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,465,144 shares of the financial services provider’s stock after acquiring an additional 60,588 shares during the period. Geode Capital Management LLC owned approximately 2.25% of Home Bancshares, Inc. (Conway, AR) worth $120,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock worth $8,544,000 after purchasing an additional 28,761 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at approximately $493,000. Citigroup Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 12.2% in the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock valued at $7,831,000 after buying an additional 31,493 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 277.2% during the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 17,563 shares during the period. Finally, Creative Planning grew 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 worth $14,422,000 after acquiring an additional 166,324 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on HOMB shares. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Piper Sandler boosted their price objective 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. Keefe, Bruyette & Woods increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. 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 note on Friday, October 18th. Finally, Stephens 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 note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.50.

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

NYSE:HOMB opened at $29.77 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $5.92 billion, a P/E ratio of 15.35 and a beta of 1.08. The firm has a 50-day moving average price of $29.28 and a two-hundred day moving average price of $27.02. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were issued a $0.195 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.62%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

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

In related news, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now owns 199,195 shares in the company, valued at approximately $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Pat Hickman sold 63,997 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the transaction, the director now owns 175,500 shares of the company’s stock, valued at $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,997 shares of company stock valued at $2,782,548 over the last three months. 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.