Alpha DNA Investment Management LLC Purchases New Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Alpha DNA Investment Management LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,218 shares of the financial services provider’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the 1st quarter worth approximately $31,000. UMB Bank n.a. raised its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% during the third quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 795 shares during the period. GAMMA Investing LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 427 shares during the period. Blue Trust Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after buying an additional 528 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the second quarter valued at $75,000. Institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HOMB shares. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. 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 note on Friday, October 18th. Stephens boosted their price objective on 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 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 research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Up 3.0 %

HOMB stock opened at $31.66 on Monday. Home Bancshares, Inc. has a 52-week low of $21.70 and a 52-week high of $31.75. 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 has a market capitalization of $6.29 billion, a P/E ratio of 16.32 and a beta of 1.05. The company’s 50 day simple moving average is $27.93 and its 200-day simple moving average is $26.22.

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

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

Insider Buying and Selling

In related news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now owns 175,500 shares in the company, valued at $5,400,135. This represents a 26.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 completion of the transaction, the chief accounting officer now directly owns 3,468 shares in the company, valued at approximately $104,664.24. This represents a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is currently owned by insiders.

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.