Victory Capital Management Inc. Has $6.31 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Victory Capital Management Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 6.2% in the second quarter, HoldingsChannel reports. The firm owned 263,180 shares of the financial services provider’s stock after purchasing an additional 15,344 shares during the period. Victory Capital Management Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $6,306,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the second quarter worth $532,000. Natixis Advisors LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 111.3% during the 2nd quarter. Natixis Advisors LLC now owns 153,359 shares of the financial services provider’s stock worth $3,674,000 after buying an additional 80,770 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 149,888 shares of the financial services provider’s stock worth $3,591,000 after acquiring an additional 29,775 shares during the last quarter. Van ECK Associates Corp increased its position in Home Bancshares, Inc. (Conway, AR) by 11.6% in the 2nd quarter. Van ECK Associates Corp now owns 72,922 shares of the financial services provider’s stock valued at $1,747,000 after acquiring an additional 7,601 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in Home Bancshares, Inc. (Conway, AR) by 4.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 823,752 shares of the financial services provider’s stock valued at $19,737,000 after acquiring an additional 36,140 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.6 %

NYSE HOMB opened at $26.93 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99. The company has a market capitalization of $5.38 billion, a PE ratio of 13.88 and a beta of 1.05. The stock has a 50-day simple moving average of $26.73 and a 200 day simple moving average of $24.78.

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

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.90%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Analyst Upgrades and Downgrades

HOMB has been the subject of several research analyst reports. Piper Sandler boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Royal Bank of Canada raised their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. 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. 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.25.

Insider Buying and Selling

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

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.