Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,865 shares of the financial services provider’s stock after purchasing an additional 481 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,326,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HOMB. UMB Bank n.a. grew its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 795 shares in the last quarter. GAMMA Investing LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd 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 in the last quarter. Blue Trust Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 528 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at approximately $75,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at approximately $81,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HOMB shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Piper Sandler lifted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Stephens lifted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research 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 report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.25.

Insider Activity

In related news, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Monday, November 18th. The stock was 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 owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the director now directly owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.0 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $31.77 on Thursday. The business’s fifty day moving average price is $28.13 and its two-hundred day moving average price is $26.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $6.31 billion, a P/E ratio of 16.54 and a beta of 1.05. Home Bancshares, Inc. has a 1-year low of $21.70 and a 1-year high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. As a group, research analysts forecast that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 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.