Thurston Springer Miller Herd & Titak Inc. Invests $81,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Thurston Springer Miller Herd & Titak Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,384 shares of the financial services provider’s stock, valued at approximately $81,000.

A number of other large investors have also recently bought and sold shares of HOMB. Quadrant Capital Group LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after buying an additional 677 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth $31,000. Headlands Technologies LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $35,000. TFO Wealth Partners LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,629 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,310 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HOMB shares. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Stephens reissued an “overweight” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Royal Bank of Canada boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Friday, July 19th. Finally, Piper Sandler upped their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.3 %

Shares of NYSE HOMB traded up $0.34 during midday trading on Wednesday, reaching $26.15. 40,453 shares of the company’s stock were exchanged, compared to its average volume of 1,015,837. The stock has a market capitalization of $5.24 billion, a PE ratio of 13.31 and a beta of 1.07. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $28.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.90 and a current ratio of 0.90. The business’s fifty day moving average price is $24.74 and its two-hundred day moving average price is $24.17.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 EPS. Analysts forecast that Home Bancshares, Inc. will post 2.05 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.98%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, August 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 40.21%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $26.89, for a total value of $413,863.99. Following the transaction, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin Hester sold 25,263 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total transaction of $682,101.00. Following the transaction, the insider now owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The disclosure for this sale can be found here. 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.