Inspire Investing LLC Buys 529 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Inspire Investing LLC grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.6% during the third quarter, Holdings Channel.com reports. The fund owned 15,243 shares of the financial services provider’s stock after purchasing an additional 529 shares during the quarter. Inspire Investing LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC grew its stake in 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 purchasing an additional 427 shares in the last quarter. Bank of Montreal Can grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.0% during the 2nd 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. UMB Bank n.a. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares during the period. Arizona State Retirement System raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1.5% in the second quarter. Arizona State Retirement System now owns 53,494 shares of the financial services provider’s stock valued at $1,282,000 after acquiring an additional 815 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in Home Bancshares, Inc. (Conway, AR) by 2.2% in the first quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock worth $1,131,000 after acquiring an additional 1,000 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.3 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $27.52 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.51 billion, a P/E ratio of 14.19 and a beta of 1.05. The firm’s 50 day moving average price is $26.86 and its 200-day moving average price is $25.28. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The business had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. During the same period in the previous year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.83%. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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

In other news, CFO Brian Davis sold 15,391 shares of the business’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 sale, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,398,372.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now owns 114,912 shares in the company, valued at $3,102,624. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at approximately $2,398,372.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on HOMB shares. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Stephens reissued an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Piper Sandler upped their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada increased 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 report on Friday, July 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.25.

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.