Sunbelt Securities Inc. Has $294,000 Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Sunbelt Securities Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,854 shares of the financial services provider’s stock after purchasing an additional 554 shares during the period. Sunbelt Securities Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the second quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after buying an additional 490,718 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock worth $120,983,000 after acquiring an additional 60,588 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock worth $87,789,000 after acquiring an additional 28,604 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock valued at $51,919,000 after purchasing an additional 11,499 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $55,430,000 after purchasing an additional 134,741 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

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

Shares of NYSE:HOMB opened at $30.33 on Friday. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $6.03 billion, a P/E ratio of 15.63 and a beta of 1.08. The company has a 50-day simple moving average of $29.20 and a 200 day simple moving average of $26.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 26.69% and a return on equity of 10.33%. The business had revenue of $258.00 million during the quarter, compared to analyst estimates of $258.90 million. During the same period in the previous year, the business earned $0.47 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts forecast that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a yield of 2.57%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, Director Jack Engelkes sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total value 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. This represents a 11.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, November 7th. The stock was 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 of the company’s stock, valued at approximately $104,664.24. The trade was a 36.58 % 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 worth $2,782,548 over the last ninety days. Insiders own 7.66% of the company’s stock.

Analyst Ratings Changes

HOMB has been the subject of a number of analyst reports. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Piper Sandler upped their target price 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. Stephens increased their price target 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Keefe, Bruyette & Woods increased their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and a consensus price target of $30.50.

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.