HighTower Advisors LLC Purchases 1,077 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

HighTower Advisors LLC grew its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,030 shares of the financial services provider’s stock after purchasing an additional 1,077 shares during the quarter. HighTower Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $545,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 427 shares during the period. Thrivent Financial for Lutherans raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after buying an additional 481 shares during the period. Blue Trust Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 528 shares in the last quarter. Inspire Investing LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 3.6% in the third quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 529 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 4.0% during the second quarter. Bank of Montreal Can now owns 18,239 shares of the financial services provider’s stock valued at $438,000 after acquiring an additional 701 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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

In related news, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the director now directly owns 199,195 shares of the company’s stock, valued at $5,999,753.40. This represents a 11.15 % decrease in their position. 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. Insiders own 7.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com upgraded 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 reaffirmed a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Keefe, Bruyette & Woods increased their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler lifted their price objective on shares of 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. Finally, Stephens increased their target price on shares of 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and a consensus target price of $30.50.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.1 %

Shares of NYSE HOMB opened at $28.09 on Friday. The firm’s fifty day moving average is $29.46 and its 200 day moving average is $27.11. 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 0.91 and a debt-to-equity ratio of 0.44. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 14.48 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The company had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, equities research analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were given a $0.195 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.78%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

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.