Newbridge Financial Services Group Inc. Acquires New Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Newbridge Financial Services Group Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,137 shares of the financial services provider’s stock, valued at approximately $60,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% during the third 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 last quarter. UMB Bank n.a. raised its holdings in shares of 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 purchasing an additional 795 shares during the period. Inspire Investing LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock worth $413,000 after buying an additional 529 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $187,000. Finally, Blue Trust Inc. grew its position in shares of 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 valued at $49,000 after buying an additional 528 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

In other news, Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction on Monday, November 18th. The stock was 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 filing with the SEC, which is available through this link. Also, CEO John W. Allison bought 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost 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. This trade represents a 0.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 7.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Piper Sandler raised 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 report on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Stephens restated an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.2 %

HOMB opened at $30.48 on Tuesday. The stock’s 50 day moving average price is $29.53 and its 200 day moving average price is $28.39. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock has a market cap of $6.06 billion, a P/E ratio of 15.09 and a beta of 1.10. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 27.39% and a return on equity of 10.31%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. As a group, research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share 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, March 5th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 38.61%.

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.