HighTower Advisors LLC Increases Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

HighTower Advisors LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 20,030 shares of the financial services provider’s stock after buying an additional 1,077 shares during the period. HighTower Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HOMB. Point72 Asia Singapore Pte. Ltd. increased its stake in Home Bancshares, Inc. (Conway, AR) by 15.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,246 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 1,398 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth about $76,000. BNP Paribas Financial Markets grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 125.9% in the third quarter. BNP Paribas Financial Markets now owns 85,122 shares of the financial services provider’s stock worth $2,306,000 after purchasing an additional 47,444 shares during the last quarter. FMR LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 51.9% in the 3rd quarter. FMR LLC now owns 15,847 shares of the financial services provider’s stock worth $429,000 after buying an additional 5,417 shares during the period. Finally, Advantage Alpha Capital Partners LP lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 29.7% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,876 shares of the financial services provider’s stock valued at $512,000 after buying an additional 4,322 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the director now directly owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. This represents a 11.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the transaction, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,997 shares of company stock valued at $2,782,548. 7.66% of the stock is currently owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.1 %

NYSE HOMB opened at $28.09 on Friday. The business has a fifty day moving average price of $29.46 and a 200 day moving average price of $27.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $5.58 billion, a P/E ratio of 14.48 and a beta of 1.08. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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). The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. Research analysts anticipate that Home Bancshares, Inc. will post 2.04 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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.