DecisionPoint Financial LLC Has $19.01 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

DecisionPoint Financial LLC cut its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 8.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 6.4% of DecisionPoint Financial LLC’s holdings, making the stock its 5th biggest position. DecisionPoint Financial LLC owned 0.40% of Home Bancshares, Inc. (Conway, AR) worth $19,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of HOMB. Horrell Capital Management Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the 1st quarter. Horrell Capital Management Inc. now owns 117,584 shares of the financial services provider’s stock worth $2,889,000 after purchasing an additional 588 shares in the last quarter. Quadrant Capital Group LLC increased 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 worth $26,000 after purchasing an additional 677 shares in the last quarter. Arizona State Retirement System increased 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 worth $1,282,000 after purchasing an additional 815 shares in the last quarter. State of Michigan Retirement System increased its holdings in Home Bancshares, Inc. (Conway, AR) by 2.2% in the first 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 in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Home Bancshares, Inc. (Conway, AR) by 0.7% in the first quarter. New York State Teachers Retirement System now owns 148,629 shares of the financial services provider’s stock worth $3,652,000 after purchasing an additional 1,100 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Kevin Hester sold 25,263 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was 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 approximately $3,102,624. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $27.00, for a total transaction of $682,101.00. Following the completion of the transaction, the insider now owns 114,912 shares of the company’s stock, valued at approximately $3,102,624. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian Davis sold 15,391 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $26.89, for a total value of $413,863.99. Following the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at approximately $2,398,372.88. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.6 %

Shares of HOMB stock opened at $27.27 on Wednesday. The stock has a market capitalization of $5.46 billion, a PE ratio of 14.06 and a beta of 1.05. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $28.99. The business has a 50-day moving average of $26.87 and a 200 day moving average of $24.83. 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 released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The business had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. During the same quarter last year, the business posted $0.51 EPS. The business’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.07 earnings per share for the current year.

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

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Stephens restated an “overweight” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, July 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.