Point72 Asia Singapore Pte. Ltd. Acquires New Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the second quarter, HoldingsChannel.com reports. The firm acquired 8,848 shares of the financial services provider’s stock, valued at approximately $212,000.

Several other large investors have also recently added to or reduced their stakes in HOMB. EntryPoint Capital LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth about $31,000. TFO Wealth Partners LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 1,629 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the second quarter valued at approximately $75,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the second quarter valued at approximately $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the first quarter worth approximately $129,000. 67.31% of the stock is owned by institutional investors and hedge funds.

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

Shares of NYSE HOMB opened at $26.82 on Friday. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $28.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average price of $27.09 and a two-hundred day moving average price of $24.99. The firm has a market cap of $5.37 billion, a P/E ratio of 13.82 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The business had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. During the same quarter last year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Research analysts forecast that Home Bancshares, Inc. will post 2.07 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were paid a $0.195 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.78 annualized dividend and a dividend yield of 2.91%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

Insider Buying and Selling

In related news, CFO Brian Davis sold 15,391 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $26.89, for a total transaction of $413,863.99. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,398,372.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 25,263 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total transaction of $682,101.00. Following the sale, the insider now owns 114,912 shares in the company, valued at approximately $3,102,624. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian Davis sold 15,391 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total transaction of $413,863.99. Following the completion of the transaction, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank of Canada lifted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Stephens restated an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, July 18th. Piper Sandler increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. 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, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus price target of $27.25.

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.