King Luther Capital Management Corp Grows Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

King Luther Capital Management Corp lifted its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 297,228 shares of the financial services provider’s stock after purchasing an additional 4,904 shares during the quarter. King Luther Capital Management Corp owned about 0.15% of Home Bancshares, Inc. (Conway, AR) worth $7,122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Horrell Capital Management Inc. grew its holdings in 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 purchasing an additional 588 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 189.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 677 shares during the last quarter. Arizona State Retirement System grew its stake in 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 purchasing an additional 815 shares in the last quarter. State of Michigan Retirement System increased its holdings in 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 worth $1,131,000 after purchasing an additional 1,000 shares during the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.7% in 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 purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HOMB. Royal Bank of Canada raised their price target on shares of 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. 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. Piper Sandler upped 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. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.25.

Home Bancshares, Inc. (Conway, AR) Trading Down 2.1 %

NYSE:HOMB opened at $27.46 on Friday. The firm has a market capitalization of $5.50 billion, a P/E ratio of 14.15 and a beta of 1.05. The business has a 50 day simple moving average of $27.04 and a 200 day simple moving average of $24.90. 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. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $254.60 million during the quarter, compared to the consensus estimate of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities research analysts predict that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The company also recently declared 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 represents a $0.78 annualized dividend and a dividend yield of 2.84%. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 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.