Pacer Advisors Inc. Acquires 540 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Pacer Advisors Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Free Report) by 2.0% during the fourth quarter, HoldingsChannel reports. The firm owned 27,651 shares of the financial services provider’s stock after purchasing an additional 540 shares during the period. Pacer Advisors Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $783,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after purchasing an additional 1,253,259 shares during the last quarter. Barclays PLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 65.2% in the third quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after buying an additional 166,927 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after purchasing an additional 134,741 shares during the period. Fort Washington Investment Advisors Inc. OH raised its stake in Home Bancshares, Inc. (Conway, AR) by 14.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider’s stock worth $20,534,000 after buying an additional 94,190 shares during the last quarter. Finally, Algert Global LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 325.1% in the third quarter. Algert Global LLC now owns 81,815 shares of the financial services provider’s stock valued at $2,216,000 after purchasing an additional 62,570 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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

In other news, CAO Jennifer C. Floyd sold 2,000 shares of the company’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 sale, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at $104,664.24. This represents a 36.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Allison bought 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on HOMB. Piper Sandler upped 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 report on Friday, October 18th. Keefe, Bruyette & Woods upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Royal Bank of Canada restated a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Stephens reaffirmed an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Hovde Group cut their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Get Our Latest Analysis on Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc. (Conway, AR) Trading Down 0.9 %

Shares of NYSE HOMB opened at $29.93 on Tuesday. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The stock has a market cap of $5.95 billion, a P/E ratio of 14.82 and a beta of 1.10. The firm has a 50-day moving average of $29.65 and a 200 day moving average of $28.27. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. During the same period last year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Home Bancshares, Inc. will post 2.18 EPS 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 given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.61%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.61%.

Home Bancshares, Inc. (Conway, AR) Profile

(Free Report)

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.

Further Reading

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