Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Holdings Reduced by DecisionPoint Financial LLC

DecisionPoint Financial LLC trimmed its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 793,254 shares of the financial services provider’s stock after selling 71,590 shares during the quarter. Home Bancshares, Inc. (Conway, AR) accounts for approximately 6.4% of DecisionPoint Financial LLC’s investment portfolio, making the stock its 5th biggest position. DecisionPoint Financial LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $19,006,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock worth $156,946,000 after buying an additional 490,718 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 475,221 shares of the financial services provider’s stock worth $11,386,000 after buying an additional 4,873 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 929,038 shares of the financial services provider’s stock worth $22,260,000 after buying an additional 4,065 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 2nd quarter worth $306,000. Finally, Hudson Edge Investment Partners Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 30,398 shares of the financial services provider’s stock worth $728,000 after buying an additional 2,927 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

NYSE:HOMB opened at $27.27 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.45. The business’s 50-day simple moving average is $26.87 and its two-hundred day simple moving average is $24.83. The stock has a market cap of $5.46 billion, a PE ratio of 14.06 and a beta of 1.05. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $28.99.

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

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.195 per share. The ex-dividend date was Wednesday, August 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a yield of 2.86%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 40.21%.

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

In other news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now directly owns 114,912 shares of the company’s stock, valued at $3,102,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Kevin Hester sold 25,263 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $27.00, for a total value of $682,101.00. Following the sale, the insider now directly owns 114,912 shares of the company’s stock, valued at $3,102,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) 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 completion of the sale, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,398,372.88. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HOMB. Stephens restated an “overweight” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, July 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Friday, July 19th. Finally, Piper Sandler lifted their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.25.

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.