Alpha DNA Investment Management LLC Invests $439,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Alpha DNA Investment Management LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 16,218 shares of the financial services provider’s stock, valued at approximately $439,000.

A number of other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,550,418 shares of the financial services provider’s stock valued at $156,946,000 after purchasing an additional 490,718 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 3,240,644 shares of the financial services provider’s stock worth $87,789,000 after acquiring an additional 28,604 shares during the period. Bank of New York Mellon Corp boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,166,894 shares of the financial services provider’s stock valued at $51,919,000 after purchasing an additional 11,499 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock valued at $55,430,000 after acquiring an additional 134,741 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after purchasing an additional 1,253,259 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

In related news, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the transaction, the chief accounting officer now owns 3,468 shares of the company’s stock, valued at approximately $104,664.24. The trade was a 36.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack Engelkes sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $30.12, for a total transaction of $753,000.00. Following the sale, the director now owns 199,195 shares in the company, valued at approximately $5,999,753.40. This trade represents a 11.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,997 shares of company stock valued at $2,782,548 in the last ninety days. Corporate insiders own 7.66% of the company’s stock.

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

Shares of HOMB opened at $31.66 on Monday. Home Bancshares, Inc. has a fifty-two week low of $21.70 and a fifty-two week high of $31.75. The firm has a 50-day simple moving average of $27.93 and a 200-day simple moving average of $26.22. 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 company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 16.32 and a beta of 1.05.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Wednesday, November 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 40.21%.

Analyst Ratings Changes

HOMB has been the subject of several research analyst reports. Piper Sandler raised their price target on 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. Stephens boosted their price objective on 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 restated a “sector perform” rating and issued a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. Finally, StockNews.com raised 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.25.

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.