Fort Washington Investment Advisors Inc. OH Purchases 94,190 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 725,572 shares of the financial services provider’s stock after acquiring an additional 94,190 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.36% of Home Bancshares, Inc. (Conway, AR) worth $20,534,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in HOMB. International Assets Investment Management LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after purchasing an additional 1,253,259 shares during the period. AQR Capital Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% during the second quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock valued at $7,671,000 after buying an additional 264,627 shares during the last quarter. Barclays PLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% in the third quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock worth $11,458,000 after buying an additional 166,927 shares in the last quarter. Creative Planning boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% during the second quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock worth $14,422,000 after acquiring an additional 166,324 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock valued at $55,430,000 after acquiring an additional 134,741 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.7 %

Shares of NYSE HOMB opened at $29.88 on Thursday. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The business’s 50 day moving average is $29.73 and its two-hundred day moving average is $28.00. The stock has a market capitalization of $5.94 billion, a P/E ratio of 14.79 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company 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 period in the prior year, the firm posted $0.43 EPS. As a group, research analysts expect that Home Bancshares, Inc. will post 2.17 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, March 5th. Shareholders of record on Wednesday, February 12th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 2.61%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 38.61%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HOMB. Piper Sandler boosted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares in the company, valued at $5,400,135. This represents a 26.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) 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 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. Insiders sold 90,997 shares of company stock worth $2,782,548 over the last 90 days. Company insiders own 7.66% of the company’s stock.

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.