Disciplined Investments LLC Buys Shares of 19,610 Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Disciplined Investments LLC 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 SEC. The firm bought 19,610 shares of the financial services provider’s stock, valued at approximately $470,000.

A number of other large investors have also recently modified their holdings of HOMB. Norges Bank acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $54,498,000. Wellington Management Group LLP boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% during the 4th quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after acquiring an additional 590,301 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after acquiring an additional 490,718 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock valued at $53,363,000 after acquiring an additional 203,566 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 1st quarter valued at $4,738,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

In other news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now directly owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now directly owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,398,372.88. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

Analysts Set New Price Targets

HOMB has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Friday, July 19th. Piper Sandler raised their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Stephens reissued an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.25.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.6 %

Shares of NYSE:HOMB opened at $27.27 on Wednesday. The firm has a market cap of $5.46 billion, a P/E ratio of 14.06 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $28.99. The business has a fifty day simple moving average of $26.87 and a 200 day simple moving average of $24.83.

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, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $254.60 million during 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 revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. Analysts predict that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 14th were given a $0.195 dividend. The ex-dividend date was Wednesday, August 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 2.86%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

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.