9,500 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Acquired by Argent Trust Co

Argent Trust Co bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,500 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quadrant Capital Group LLC raised 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 buying an additional 677 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the first quarter valued at about $31,000. TFO Wealth Partners LLC raised its position in 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 valued at $42,000 after purchasing an additional 1,629 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) during the second quarter worth about $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 1st quarter worth about $129,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

Shares of HOMB stock opened at $27.46 on Friday. The company has a market capitalization of $5.50 billion, a P/E ratio of 14.15 and a beta of 1.05. 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 quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average price of $27.04 and a two-hundred day moving average price of $24.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate 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 business 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 company posted $0.51 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Analysts expect that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Wednesday, August 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Stephens reissued an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Royal Bank of Canada boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. 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 report on Friday, July 19th. Finally, StockNews.com upgraded shares of 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.25.

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

In other news, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, July 19th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Brian Davis sold 15,391 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $26.89, for a total transaction of $413,863.99. Following 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 filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $682,101.00. Following the completion of the sale, the insider now owns 114,912 shares of the company’s stock, valued at $3,102,624. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by corporate insiders.

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.