Atria Wealth Solutions Inc. Takes Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Atria Wealth Solutions Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,874 shares of the financial services provider’s stock, valued at approximately $619,000.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 528 shares during the last quarter. Dakota Wealth Management bought a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at $208,000. State of Alaska Department of Revenue grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider’s stock worth $588,000 after buying an additional 1,460 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 115.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider’s stock worth $1,884,000 after buying an additional 37,266 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider’s stock valued at $2,763,000 after buying an additional 29,171 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HOMB shares. Keefe, Bruyette & Woods lifted their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Hovde Group lowered their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Stephens reiterated an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison bought 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, with a total value of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.66% of the stock is currently owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.2 %

HOMB stock opened at $29.32 on Thursday. The stock has a market capitalization of $5.83 billion, a PE ratio of 14.51 and a beta of 1.10. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $29.37 and a 200 day moving average of $28.63.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. During the same quarter in the prior year, the company earned $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.66%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

About Home Bancshares, Inc. (Conway, AR)

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.