iSAM Funds UK Ltd Has $681,000 Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

iSAM Funds UK Ltd raised its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 50.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,134 shares of the financial services provider’s stock after buying an additional 8,440 shares during the period. iSAM Funds UK Ltd’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $681,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% in the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock valued at $33,000 after buying an additional 795 shares in the last quarter. GAMMA Investing LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 427 shares in the last quarter. Blue Trust Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 528 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) in the third quarter worth approximately $76,000. Finally, Point72 DIFC Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) in the second quarter worth approximately $75,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

In related news, Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the transaction, the director now directly owns 175,500 shares in the company, valued at $5,400,135. This represents a 26.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack Engelkes sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the director now owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. The trade was a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,997 shares of company stock worth $2,782,548 in the last ninety days. 7.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stephens boosted 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 research report on Friday, October 18th. Keefe, Bruyette & Woods boosted their target price 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. Piper Sandler boosted 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 research report on Friday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and an average target price of $30.50.

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

NYSE HOMB opened at $31.01 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $28.79 and a 200 day simple moving average of $26.69. The company has a market cap of $6.16 billion, a P/E ratio of 15.98 and a beta of 1.08. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $258.00 million for the quarter, compared to the consensus estimate of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. On average, sell-side analysts predict that Home Bancshares, Inc. will post 2.04 EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 13th were paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.52%. The ex-dividend date was Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

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.