Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 8.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 121,187 shares of the financial services provider’s stock after buying an additional 9,218 shares during the quarter. Stifel Financial Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $3,283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HOMB. Point72 DIFC Ltd boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 708.9% during the third quarter. Point72 DIFC Ltd now owns 25,392 shares of the financial services provider’s stock worth $688,000 after buying an additional 22,253 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 17,563 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.7% during the 3rd quarter. HighTower Advisors LLC now owns 20,030 shares of the financial services provider’s stock valued at $545,000 after acquiring an additional 1,077 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 15.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,246 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 1,398 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $76,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity

In related news, CAO Jennifer C. Floyd sold 2,000 shares of the company’s 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 sale, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This represents a 36.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares in the company, valued at $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock worth $2,782,548 over the last ninety days. Corporate insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 2.3 %

Shares of HOMB stock opened at $29.77 on Wednesday. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. 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 stock’s fifty day moving average is $29.28 and its two-hundred day moving average is $27.02. The firm has a market capitalization of $5.92 billion, a P/E ratio of 15.48 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $258.90 million. During the same period in the prior year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Research analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Wall Street Analyst Weigh In

HOMB has been the topic of a number of recent analyst reports. Piper Sandler raised 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. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Keefe, Bruyette & Woods increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $30.50.

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.