Naples Global Advisors LLC Has $1.22 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Naples Global Advisors LLC decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,085 shares of the financial services provider’s stock after selling 625 shares during the quarter. Naples Global Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HOMB. International Assets Investment Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after buying an additional 1,253,259 shares during the period. Barclays PLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock worth $11,458,000 after acquiring an additional 166,927 shares during the period. Hodges Capital Management Inc. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 57.1% during the 4th quarter. Hodges Capital Management Inc. now owns 393,200 shares of the financial services provider’s stock worth $11,127,000 after acquiring an additional 142,900 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after acquiring an additional 134,741 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 14.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider’s stock valued at $20,534,000 after purchasing an additional 94,190 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

Shares of NYSE:HOMB opened at $30.45 on Friday. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The stock’s 50 day moving average is $29.49 and its 200-day moving average is $28.44. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 15.07 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several recent analyst reports. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group dropped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. 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. Finally, Piper Sandler lifted their price target on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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

In other news, Director James Pat Hickman sold 63,997 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $30.77, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Allison purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the acquisition, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 7.66% of the company’s stock.

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.