Quest Partners LLC Takes $306,000 Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Quest Partners LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,775 shares of the financial services provider’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hudson Edge Investment Partners Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 10.7% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 30,398 shares of the financial services provider’s stock worth $728,000 after acquiring an additional 2,927 shares during the last quarter. Great Lakes Advisors LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 4.6% during the 2nd quarter. Great Lakes Advisors LLC now owns 222,395 shares of the financial services provider’s stock worth $5,329,000 after acquiring an additional 9,764 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth approximately $318,000. Arizona State Retirement System grew its position in Home Bancshares, Inc. (Conway, AR) by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 53,494 shares of the financial services provider’s stock worth $1,282,000 after acquiring an additional 815 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 6.2% during the 2nd quarter. Victory Capital Management Inc. now owns 263,180 shares of the financial services provider’s stock worth $6,306,000 after acquiring an additional 15,344 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HOMB shares. Piper Sandler raised their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Stephens reiterated an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Royal Bank of Canada lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and an average target price of $27.25.

Insider Activity

In other news, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now owns 114,912 shares in the company, valued at approximately $3,102,624. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Friday, July 19th. The stock was sold at an average price of $26.89, for a total transaction of $413,863.99. Following the completion of the transaction, the chief financial officer now owns 89,192 shares in the company, valued at $2,398,372.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Friday, July 19th. The shares were sold at an average price of $27.00, for a total value of $682,101.00. Following the transaction, the insider now owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.6 %

HOMB opened at $26.93 on Friday. The stock has a market cap of $5.38 billion, a PE ratio of 13.88 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average of $26.73 and a 200-day moving average of $24.76. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts predict that Home Bancshares, Inc. will post 2.07 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend was Wednesday, August 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

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.