Victory Capital Management Inc. Buys 14,305 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Victory Capital Management Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,485 shares of the financial services provider’s stock after acquiring an additional 14,305 shares during the period. Victory Capital Management Inc. owned 0.14% of Home Bancshares, Inc. (Conway, AR) worth $7,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of HOMB. Cetera Advisors LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter worth approximately $543,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock worth $773,000 after purchasing an additional 24,052 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 15.0% during the 1st quarter. Bessemer Group Inc. now owns 44,216 shares of the financial services provider’s stock worth $1,087,000 after purchasing an additional 5,780 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 426.7% in the second quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 41,551 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock worth $8,544,000 after buying an additional 28,761 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.9 %

Shares of NYSE:HOMB opened at $30.75 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 15.71 and a beta of 1.05. Home Bancshares, Inc. has a 1-year low of $21.70 and a 1-year high of $31.33. The company’s fifty day moving average is $27.75 and its two-hundred day moving average is $26.13.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business 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%. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. Equities analysts anticipate that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.54%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the sale, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at $104,664.24. This represents a 36.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now directly owns 199,195 shares in the company, valued at $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,997 shares of company stock worth $2,782,548. Corporate insiders own 7.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HOMB. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note 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 company an “overweight” rating in a research note on Friday, October 18th. Finally, Stephens upped their target price on shares of 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. Three 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, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and an average target price of $28.25.

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.