Naples Global Advisors LLC Reduces Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Naples Global Advisors LLC lowered its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 43,085 shares of the financial services provider’s stock after selling 625 shares during the quarter. Naples Global Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings 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 purchasing an additional 427 shares during the period. Inspire Investing LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% during the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 529 shares during the period. nVerses Capital LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $187,000. Blue Trust Inc. raised 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 valued at $49,000 after acquiring an additional 528 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock valued at $8,544,000 after purchasing an additional 28,761 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HOMB. Keefe, Bruyette & Woods lifted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group reduced their price objective on shares of 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. Stephens restated an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Piper Sandler raised their price target on 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. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Insider Activity

In other news, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Allison bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the transaction, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 7.66% of the company’s stock.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $30.45 on Friday. The firm’s 50 day simple moving average is $29.49 and its 200 day simple moving average is $28.44. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The firm has a market capitalization of $6.05 billion, a PE ratio of 15.07 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share 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 return on equity of 10.31% and a net margin of 27.39%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. As a group, analysts expect 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. Shareholders of record on Wednesday, February 12th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 38.61%.

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.