Dakota Wealth Management Takes Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Dakota Wealth Management acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,671 shares of the financial services provider’s stock, valued at approximately $208,000.

Several other large investors also recently made changes to their positions in HOMB. GAMMA Investing LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after buying an additional 427 shares in the last quarter. Blue Trust Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after buying an additional 528 shares in the last quarter. Inspire Investing LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% in the third quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 529 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.0% in the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock worth $438,000 after purchasing an additional 701 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the third 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. Institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in 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 Friday, October 25th. Piper Sandler raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Stephens raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.2 %

Shares of HOMB stock opened at $27.65 on Wednesday. Home Bancshares, Inc. has a 12 month low of $19.92 and a 12 month high of $28.99. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $27.00 and its two-hundred day moving average is $25.47. The company has a market cap of $5.54 billion, a PE ratio of 14.25 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The company had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. During the same quarter last year, the business earned $0.47 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts predict that Home Bancshares, Inc. will post 2.06 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.82%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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.