Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Bought by Copeland Capital Management LLC

Copeland Capital Management LLC increased its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,240,644 shares of the financial services provider’s stock after purchasing an additional 28,604 shares during the quarter. Home Bancshares, Inc. (Conway, AR) comprises about 1.5% of Copeland Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Copeland Capital Management LLC owned 1.62% of Home Bancshares, Inc. (Conway, AR) worth $87,789,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. EntryPoint Capital LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth $31,000. UMB Bank n.a. raised its position 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 worth $33,000 after acquiring an additional 795 shares in the last quarter. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 427 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 528 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $75,000. Institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Stephens increased their price objective 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. Piper Sandler lifted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus price target of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.7 %

Shares of NYSE:HOMB opened at $26.50 on Tuesday. The firm has a 50 day simple moving average of $26.91 and a 200 day simple moving average of $25.35. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $28.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $5.31 billion, a PE ratio of 13.66 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $258.90 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 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. As a group, research analysts expect that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, August 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a yield of 2.94%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 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.