Kingsview Wealth Management LLC Acquires 16,313 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Kingsview Wealth Management LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBFree Report) by 64.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,607 shares of the financial services provider’s stock after purchasing an additional 16,313 shares during the period. Kingsview Wealth Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOMB. Allspring Global Investments Holdings LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 12.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock worth $134,000 after buying an additional 702 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 120.4% in the third quarter. Teacher Retirement System of Texas now owns 93,604 shares of the financial services provider’s stock valued at $1,960,000 after acquiring an additional 51,137 shares during the period. M&T Bank Corp purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth approximately $259,000. California Public Employees Retirement System lifted its stake in Home Bancshares, Inc. (Conway, AR) by 1.0% in the third quarter. California Public Employees Retirement System now owns 364,715 shares of the financial services provider’s stock worth $7,637,000 after acquiring an additional 3,581 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at about $469,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.3 %

HOMB stock opened at $24.72 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.90 and a current ratio of 0.90. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The firm’s fifty day moving average is $23.96 and its 200 day moving average is $23.69. The firm has a market cap of $4.95 billion, a PE ratio of 12.74 and a beta of 1.09.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The firm had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 37.11%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HOMB shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Stephens increased their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Hold” and a consensus price target of $26.00.

Read Our Latest Research Report on Home Bancshares, Inc. (Conway, AR)

Insider Buying and Selling

In other news, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Brian Davis sold 20,544 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the transaction, the chief financial officer now owns 89,192 shares in the company, valued at approximately $2,186,987.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,606 shares of company stock valued at $1,101,008. Company insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

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