Dimensional Fund Advisors LP Purchases 490,718 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Dimensional Fund Advisors LP boosted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 8.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,550,418 shares of the financial services provider’s stock after purchasing an additional 490,718 shares during the period. Dimensional Fund Advisors LP owned about 3.27% of Home Bancshares, Inc. (Conway, AR) worth $156,946,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Horrell Capital Management Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the 1st quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock valued at $2,889,000 after acquiring an additional 588 shares during the period. Quadrant Capital Group LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 677 shares during the period. Arizona State Retirement System grew its position in shares of 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 valued at $1,282,000 after acquiring an additional 815 shares during the period. State of Michigan Retirement System grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock valued at $1,131,000 after acquiring an additional 1,000 shares during the period. Finally, New York State Teachers Retirement System grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.7% during the 1st quarter. New York State Teachers Retirement System now owns 148,629 shares of the financial services provider’s stock valued at $3,652,000 after acquiring an additional 1,100 shares during the period. 67.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Piper Sandler increased 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 report on Friday, July 19th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Stephens restated an “overweight” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, July 18th. Finally, Royal Bank of Canada upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.25.

Insiders Place Their Bets

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

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

Shares of HOMB stock opened at $27.46 on Friday. The stock has a market capitalization of $5.50 billion, a P/E ratio of 14.15 and a beta of 1.05. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $27.04 and its 200 day moving average is $24.90. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly 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. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $247.26 million. During the same period in the prior year, the company posted $0.51 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue was up .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were paid a $0.195 dividend. The ex-dividend date was Wednesday, August 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a yield of 2.84%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

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.