Mirae Asset Global Investments Co. Ltd. Boosts Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,675 shares of the financial services provider’s stock after acquiring an additional 1,403 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,195,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. 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. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 84.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 771 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $63,000. Money Concepts Capital Corp purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $72,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock valued at $134,000 after buying an additional 702 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

HOMB has been the topic of a number of recent research reports. Stephens increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday. 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 report on Tuesday, April 9th. Finally, Piper Sandler boosted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

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

Shares of HOMB stock opened at $24.00 on Friday. The company has a market capitalization of $4.83 billion, a P/E ratio of 12.31 and a beta of 1.11. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $25.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50 day moving average price of $23.56 and a two-hundred day moving average price of $23.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its 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 net margin of 29.21% and a return on equity of 10.91%. The company had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that Home Bancshares, Inc. will post 1.88 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 36.92%.

Insider Buying and Selling

In other news, CEO John W. Allison bought 20,000 shares of the firm’s 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 completion of the purchase, the chief executive officer now directly owns 5,509,982 shares in the company, valued at $125,296,990.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other 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 sale, the director now directly owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief executive officer now directly owns 5,509,982 shares in the company, valued at $125,296,990.68. The disclosure for this purchase can be found here. 7.66% of the stock is owned by insiders.

About Home Bancshares, Inc. (Conway, AR)

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.