Hudson Edge Investment Partners Inc. Boosts Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Hudson Edge Investment Partners Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,398 shares of the financial services provider’s stock after buying an additional 2,927 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $728,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in HOMB. Horrell Capital Management Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock valued at $2,889,000 after buying an additional 588 shares during the period. Quadrant Capital Group LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 189.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 677 shares during the period. Arizona State Retirement System lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 1.5% in the second quarter. Arizona State Retirement System now owns 53,494 shares of the financial services provider’s stock valued at $1,282,000 after acquiring an additional 815 shares during the period. M&T Bank Corp boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 6.6% during the 4th quarter. M&T Bank Corp now owns 13,185 shares of the financial services provider’s stock worth $334,000 after purchasing an additional 822 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 46,030 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Buying and Selling

In other news, insider Kevin Hester sold 25,263 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now owns 114,912 shares of the company’s stock, valued at $3,102,624. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 15,391 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $26.89, for a total value of $413,863.99. Following the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at approximately $2,398,372.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kevin Hester sold 25,263 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $27.00, for a total transaction of $682,101.00. Following the transaction, the insider now directly owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

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

Shares of NYSE HOMB traded down $0.43 on Friday, hitting $26.75. The company’s stock had a trading volume of 679,170 shares, compared to its average volume of 979,110. The stock has a 50 day moving average of $26.43 and a 200-day moving average of $24.66. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 13.79 and a beta of 1.05. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $28.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $254.60 million for the quarter, compared to analyst estimates of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. Home Bancshares, Inc. (Conway, AR)’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. As a group, research analysts predict that Home Bancshares, Inc. will post 2.07 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were paid a dividend of $0.195 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.92%. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 40.21%.

Analyst Upgrades and Downgrades

HOMB has been the subject of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, July 18th. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Piper Sandler raised their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and a consensus target price of $27.25.

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.