2,137 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,137 shares of the financial services provider’s stock, valued at approximately $60,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HOMB. Harbor Capital Advisors Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock worth $1,979,000 after buying an additional 374 shares during the period. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 427 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after acquiring an additional 481 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 purchasing an additional 528 shares during the period. Finally, Inspire Investing LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 3.6% in the 3rd 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 during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HOMB. Stephens restated an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group reduced their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. 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 note 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 report on Wednesday, November 6th. Finally, Piper Sandler raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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

In related news, Director James Pat Hickman sold 63,997 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.66% of the stock is owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Stock Performance

Shares of NYSE HOMB opened at $30.48 on Tuesday. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.90. The business’s 50-day moving average price is $29.53 and its two-hundred day moving average price is $28.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The company has a market capitalization of $6.06 billion, a P/E ratio of 15.09 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. Analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

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.