Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Purchased by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 875,757 shares of the financial services provider’s stock after buying an additional 16,835 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $22,183,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HOMB. International Assets Investment Management LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 2,433.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider’s stock valued at $30,820,000 after purchasing an additional 1,168,716 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $18,429,000. Envestnet Asset Management Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 32.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 456,872 shares of the financial services provider’s stock valued at $9,567,000 after purchasing an additional 111,393 shares in the last quarter. UBS Group AG increased its holdings in Home Bancshares, Inc. (Conway, AR) by 156.1% in the 3rd quarter. UBS Group AG now owns 182,136 shares of the financial services provider’s stock valued at $3,814,000 after purchasing an additional 111,027 shares in the last quarter. Finally, Prudential PLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $1,668,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 20,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief executive officer now owns 5,509,982 shares in the company, valued at approximately $125,296,990.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the sale, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Allison acquired 20,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the purchase, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 45,606 shares of company stock valued at $1,101,008. Insiders own 7.66% of the company’s stock.

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

NYSE HOMB traded down $0.10 during trading hours on Friday, reaching $24.42. The company’s stock had a trading volume of 686,416 shares, compared to its average volume of 994,055. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $23.65 and a 200 day simple moving average of $23.23. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The stock has a market cap of $4.91 billion, a PE ratio of 12.63 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The firm had revenue of $246.40 million for the quarter, compared to analysts’ expectations of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. Home Bancshares, Inc. (Conway, AR)’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. Equities research analysts predict that Home Bancshares, Inc. will post 1.93 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.95%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 37.11%.

Analyst Ratings Changes

Several analysts recently issued reports on HOMB shares. Piper Sandler increased their price target on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Stephens raised their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and a consensus target price of $26.00.

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.