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

Victory Capital Management Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 263,180 shares of the financial services provider’s stock after purchasing an additional 15,344 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Home Bancshares, Inc. (Conway, AR) worth $6,306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 189.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after buying an additional 677 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter worth approximately $31,000. TFO Wealth Partners LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,629 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the second quarter valued at approximately $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 1st quarter valued at approximately $129,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

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

Shares of NYSE:HOMB opened at $26.93 on Monday. The stock has a market capitalization of $5.38 billion, a P/E ratio of 13.88 and a beta of 1.05. The business has a 50-day moving average of $26.73 and a two-hundred day moving average of $24.78. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $28.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The firm had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, equities research analysts predict that Home Bancshares, Inc. will post 2.07 EPS 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. Investors of record on Wednesday, August 14th were paid a $0.195 dividend. The ex-dividend date of this dividend 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 2.90%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Insiders Place Their Bets

In other news, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now directly owns 114,912 shares of the company’s stock, valued at $3,102,624. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Brian Davis sold 15,391 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the sale, the chief financial officer now owns 89,192 shares in the company, valued at $2,398,372.88. The transaction was disclosed in a filing with the SEC, 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 dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now directly owns 114,912 shares in the company, valued at $3,102,624. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

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.