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

Bahl & Gaynor Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 875,757 shares of the financial services provider’s stock after purchasing an additional 16,835 shares during the quarter. Bahl & Gaynor Inc. owned 0.43% of Home Bancshares, Inc. (Conway, AR) worth $22,183,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HOMB. International Assets Investment Management LLC raised 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 worth $30,820,000 after purchasing an additional 1,168,716 shares during the period. Clearbridge Investments LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $18,429,000. Envestnet Asset Management Inc. raised 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 worth $9,567,000 after purchasing an additional 111,393 shares during the period. UBS Group AG raised 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 worth $3,814,000 after purchasing an additional 111,027 shares during the period. Finally, Prudential PLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $1,668,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

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

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

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

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

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

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at $24,530. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at $24,530. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Allison acquired 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The stock was bought at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the purchase, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The disclosure for this purchase can be found here. Insiders sold a total of 45,606 shares of company stock worth $1,101,008 over the last ninety days. Company insiders own 7.66% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.