Copeland Capital Management LLC Boosts Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Copeland Capital Management LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,259,934 shares of the financial services provider’s stock after acquiring an additional 19,290 shares during the quarter. Home Bancshares, Inc. (Conway, AR) accounts for about 1.7% of Copeland Capital Management LLC’s portfolio, making the stock its 9th largest position. Copeland Capital Management LLC owned 1.64% of Home Bancshares, Inc. (Conway, AR) worth $92,256,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 10.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock worth $8,544,000 after acquiring an additional 28,761 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $493,000. Citigroup Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 12.2% in the 3rd quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock valued at $7,831,000 after purchasing an additional 31,493 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 17,563 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at $439,000. 67.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on HOMB shares. Stephens reissued an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased 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 note on Wednesday, December 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Hovde Group cut their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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

Shares of NYSE:HOMB opened at $30.21 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $6.01 billion, a PE ratio of 14.96 and a beta of 1.10. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The company has a 50-day moving average price of $29.65 and a two-hundred day moving average price of $28.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. During the same quarter in the prior year, the business earned $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts forecast that Home Bancshares, Inc. will post 2.18 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.58%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 38.61%.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred 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 directly owns 199,195 shares of the company’s stock, valued at approximately $5,999,753.40. This trade represents a 11.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is owned by company insiders.

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.