Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lifted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 15.8% in the third quarter, Holdings Channel reports. The firm owned 10,246 shares of the financial services provider’s stock after acquiring an additional 1,398 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at $543,000. Harbor Capital Advisors Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 32,274 shares of the financial services provider’s stock valued at $773,000 after purchasing an additional 24,052 shares during the last quarter. Kwmg LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 3.5% in the second quarter. Kwmg LLC now owns 251,363 shares of the financial services provider’s stock valued at $6,023,000 after purchasing an additional 8,405 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 426.7% during the second quarter. SG Americas Securities LLC now owns 51,289 shares of the financial services provider’s stock worth $1,229,000 after purchasing an additional 41,551 shares during the period. Finally, Wedge Capital Management L L P NC grew its position in Home Bancshares, Inc. (Conway, AR) by 18.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 114,821 shares of the financial services provider’s stock valued at $2,751,000 after buying an additional 17,993 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value of $753,000.00. Following the completion of the sale, the director now owns 199,195 shares in the company, valued at $5,999,753.40. The trade was a 11.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Pat Hickman sold 63,997 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,997 shares of company stock valued at $2,782,548 over the last quarter. Insiders own 7.66% of the company’s stock.

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

Shares of NYSE:HOMB opened at $31.19 on Wednesday. The business’s 50 day simple moving average is $28.53 and its 200-day simple moving average is $26.57. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 16.08 and a beta of 1.08. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The business had revenue of $258.00 million for the quarter, compared to analyst estimates of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, equities analysts forecast that Home Bancshares, Inc. will post 2.04 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be given a $0.195 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.50%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 40.21%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HOMB. Royal Bank of Canada reissued a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Piper Sandler upped their price objective on 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 raised their target price on 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.

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.