Blue Trust Inc. Purchases 528 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Blue Trust Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 41.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,797 shares of the financial services provider’s stock after acquiring an additional 528 shares during the quarter. Blue Trust Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $49,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. EntryPoint Capital LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter valued at $31,000. UMB Bank n.a. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 795 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the second quarter valued at about $75,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the second quarter worth about $81,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

NYSE:HOMB opened at $27.29 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.90. Home Bancshares, Inc. has a 1 year low of $19.92 and a 1 year high of $28.99. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 14.06 and a beta of 1.05. The business has a 50 day simple moving average of $27.04 and a 200-day simple moving average of $25.52.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data 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 the consensus estimate 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 was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Equities analysts forecast that Home Bancshares, Inc. will post 2.06 EPS 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. Investors of record on Wednesday, November 13th will be paid a $0.195 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.86%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

Analysts Set New Price Targets

Several research firms have weighed in on HOMB. Piper Sandler raised their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday. Stephens upped their price target on shares of 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 issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.25.

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.