Stifel Financial Corp Increases Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Stifel Financial Corp raised its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,187 shares of the financial services provider’s stock after purchasing an additional 9,218 shares during the period. Stifel Financial Corp owned about 0.06% of Home Bancshares, Inc. (Conway, AR) worth $3,283,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred 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 sale, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jennifer C. Floyd sold 2,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the completion of the sale, the chief accounting officer now owns 3,468 shares in the company, valued at $104,664.24. The trade was a 36.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock valued at $2,782,548 over the last ninety days. 7.66% of the stock is currently owned by insiders.

Home Bancshares, Inc. (Conway, AR) Trading Down 2.3 %

Home Bancshares, Inc. (Conway, AR) stock opened at $29.77 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $5.92 billion, a PE ratio of 15.48 and a beta of 1.08. The stock has a 50-day moving average of $29.28 and a two-hundred day moving average of $27.02. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.90.

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

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 annualized dividend and a dividend yield of 2.62%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 40.21%.

Analyst Upgrades and Downgrades

HOMB has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. 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 report on Friday, October 18th. Finally, Keefe, Bruyette & Woods increased 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 research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus price target of $30.50.

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.