Atria Investments Inc Makes New $215,000 Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Atria Investments Inc purchased a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,951 shares of the financial services provider’s stock, valued at approximately $215,000.

Several other hedge funds have also modified their holdings of HOMB. Dimensional Fund Advisors LP lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after acquiring an additional 490,718 shares during the period. Copeland Capital Management LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.9% in the third quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock valued at $87,789,000 after purchasing an additional 28,604 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock valued at $51,919,000 after purchasing an additional 11,499 shares during the period. International Assets Investment Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after buying an additional 1,253,259 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 0.4% during the second quarter. Bahl & Gaynor Inc. now owns 929,038 shares of the financial services provider’s stock worth $22,260,000 after buying an additional 4,065 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In related news, Director Jack Engelkes sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the transaction, the director now directly owns 199,195 shares in the company, valued at approximately $5,999,753.40. This represents a 11.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,997 shares of company stock worth $2,782,548 over the last ninety days. 7.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Stephens lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Piper Sandler upped their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.25.

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

HOMB stock opened at $31.66 on Friday. The stock’s 50 day moving average price is $27.93 and its 200 day moving average price is $26.21. The firm has a market cap of $6.29 billion, a P/E ratio of 16.33 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. Home Bancshares, Inc. has a 1 year low of $21.70 and a 1 year high of $31.75.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $258.00 million during the quarter, compared to analyst estimates 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 business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.47 earnings per share. On average, sell-side analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.46%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Home Bancshares, Inc. (Conway, AR) Company 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.