MCF Advisors LLC Invests $98,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

MCF Advisors LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,850 shares of the financial services provider’s stock, valued at approximately $98,000.

Several other institutional investors have also recently made changes to their positions in HOMB. Geneos Wealth Management Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) in the third quarter worth $31,000. Ronald Blue Trust Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 84.4% in the third quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 771 shares in the last quarter. SG Americas Securities LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 7.1% in the third quarter. SG Americas Securities LLC now owns 43,423 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 2,874 shares in the last quarter. Naples Global Advisors LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 1.3% during the third quarter. Naples Global Advisors LLC now owns 50,650 shares of the financial services provider’s stock valued at $1,061,000 after buying an additional 650 shares during the period. Finally, BTC Capital Management Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 4.9% during the third quarter. BTC Capital Management Inc. now owns 12,413 shares of the financial services provider’s stock valued at $260,000 after buying an additional 579 shares during the period. Institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Piper Sandler increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Finally, Stephens raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.00.

Insider Activity

In other news, CEO John W. Allison acquired 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the transaction, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Allison acquired 20,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the purchase, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The disclosure for this purchase can be found here. Corporate insiders own 7.66% of the company’s stock.

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

NYSE HOMB traded up $0.12 on Monday, reaching $24.13. The company had a trading volume of 184,335 shares, compared to its average volume of 988,148. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.85 billion, a PE ratio of 12.40 and a beta of 1.11. The firm’s 50 day moving average price is $23.56 and its 200 day moving average price is $23.17. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. As a group, equities analysts predict that Home Bancshares, Inc. will post 1.88 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 37.11%.

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.