Point72 Asia Singapore Pte. Ltd. Grows Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,246 shares of the financial services provider’s stock after purchasing 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 SEC filing.

A number of other large investors have also made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the third 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. Dimensional Fund Advisors LP grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% in 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 buying an additional 490,718 shares during the period. AQR Capital Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 465.2% during the 2nd quarter. AQR Capital Management LLC now owns 321,517 shares of the financial services provider’s stock worth $7,671,000 after buying an additional 264,627 shares during the last quarter. Creative Planning raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 38.2% during the 2nd quarter. Creative Planning now owns 601,926 shares of the financial services provider’s stock valued at $14,422,000 after buying an additional 166,324 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 7.0% in 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 during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.0 %

Shares of NYSE:HOMB opened at $31.19 on Wednesday. The firm has a market capitalization of $6.20 billion, a PE ratio of 16.08 and a beta of 1.08. 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 0.44, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50-day moving average is $28.53 and its two-hundred day moving average is $26.57.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The business had revenue of $258.00 million for the quarter, compared to analysts’ expectations of $258.90 million. During the same period in the previous year, the company earned $0.47 earnings per share. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts predict that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

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

Insider Activity

In other news, CAO Jennifer C. Floyd sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now directly owns 3,468 shares in the company, valued at approximately $104,664.24. This trade represents a 36.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack Engelkes sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HOMB shares. Royal Bank of Canada reissued a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens increased their target price 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. Finally, Piper Sandler boosted their target price on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a research 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.