Public Employees Retirement System of Ohio Grows Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Public Employees Retirement System of Ohio boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 519.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,996 shares of the financial services provider’s stock after acquiring an additional 5,867 shares during the period. Public Employees Retirement System of Ohio’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. grew its stake in 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 valued at $33,000 after purchasing an additional 795 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd 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. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after buying an additional 528 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth approximately $75,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at approximately $76,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $28.09 on Friday. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 14.48 and a beta of 1.08. The business’s 50-day moving average price is $29.46 and its 200 day moving average price is $27.14. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.44.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $258.90 million. During the same period in the previous year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

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

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the completion of the sale, the chief accounting officer now directly owns 3,468 shares in the company, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the director now directly owns 199,195 shares of the company’s stock, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,997 shares of company stock valued at $2,782,548 in the last three months. 7.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HOMB. Keefe, Bruyette & Woods upped their price target on 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 upped their target price on 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. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens upped 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 report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.50.

Home Bancshares, Inc. (Conway, AR) 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.