Pacer Advisors Inc. Purchases 540 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Pacer Advisors Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,651 shares of the financial services provider’s stock after acquiring an additional 540 shares during the period. Pacer Advisors Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $783,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Bank of Montreal Can lifted its stake in Home Bancshares, Inc. (Conway, AR) by 4.0% in 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 during the last quarter. Marshall Wace LLP bought a new position in Home Bancshares, Inc. (Conway, AR) during the second quarter worth about $221,000. Algert Global LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the second quarter worth about $461,000. GAMMA Investing LLC increased its position in 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 worth $35,000 after acquiring an additional 427 shares during the period. Finally, UMB Bank n.a. increased its position in Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 795 shares during the period. Institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Hovde Group lowered their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens reiterated an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Royal Bank of Canada reiterated 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. Finally, Piper Sandler lifted 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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

Shares of NYSE HOMB opened at $29.93 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The company’s 50 day moving average price is $29.65 and its 200-day moving average price is $28.27. The company has a market capitalization of $5.95 billion, a P/E ratio of 14.82 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. Equities analysts forecast that Home Bancshares, Inc. will post 2.18 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be issued a $0.195 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.61%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Insider Buying and Selling

In other news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares in the company, valued at $5,400,135. This represents a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,997 shares of company stock worth $2,782,548. Insiders own 7.66% of the company’s stock.

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.