Bahl & Gaynor Inc. Has $22.26 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Bahl & Gaynor Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 929,038 shares of the financial services provider’s stock after buying an additional 4,065 shares during the period. Bahl & Gaynor Inc. owned about 0.46% of Home Bancshares, Inc. (Conway, AR) worth $22,260,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HOMB. Dimensional Fund Advisors LP boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock worth $139,240,000 after buying an additional 432,091 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% during the fourth quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock worth $84,615,000 after acquiring an additional 590,301 shares during the period. Bank of New York Mellon Corp grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the second 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. Norges Bank bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $54,498,000. Finally, Goldman Sachs Group Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 10.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock worth $53,363,000 after buying an additional 203,566 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HOMB. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Piper Sandler upped their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Stephens restated an “overweight” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Finally, Royal Bank of Canada upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and a consensus target price of $27.25.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.1 %

NYSE HOMB opened at $26.71 on Wednesday. The business has a fifty day moving average price of $26.49 and a two-hundred day moving average price of $24.69. The stock has a market capitalization of $5.33 billion, a PE ratio of 13.77 and a beta of 1.05. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $28.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.90 and a quick ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.41% and a net margin of 27.29%. The business had revenue of $254.60 million during the quarter, compared to the consensus estimate of $247.26 million. During the same period in the prior year, the company earned $0.51 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up .6% on a year-over-year basis. Equities analysts expect that Home Bancshares, Inc. will post 2.07 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 14th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 2.92%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 40.21%.

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

In other news, CFO Brian Davis sold 15,391 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $26.89, for a total transaction of $413,863.99. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,398,372.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Kevin Hester sold 25,263 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $27.00, for a total value of $682,101.00. Following the completion of the transaction, the insider now owns 114,912 shares in the company, valued at approximately $3,102,624. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Brian Davis sold 15,391 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $26.89, for a total transaction of $413,863.99. Following the sale, the chief financial officer now owns 89,192 shares in the company, valued at $2,398,372.88. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by insiders.

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.