King Luther Capital Management Corp has $7.12 million position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

VaselineSeptember 21, 2024

0 4 minutes read

King Luther Capital Management Corp raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Free Report) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,228 shares of the financial services provider’s stock after purchasing an additional 4,904 shares during the quarter. King Luther Capital Management Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $7,122,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 677 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter worth about $31,000. TFO Wealth Partners LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 14,809.1% in the fourth quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,629 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the second quarter valued at $81,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the first quarter, valued at $129,000. Institutional investors and hedge funds own 67.31% of the company’s shares.

Changes in Analyst Ratings

Several equities analysts have commented on HOMB shares. Royal Bank of Canada boosted their price target 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. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. Stephens reaffirmed an “overweight” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, July 18th. Finally, Piper Sandler lifted their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.25, according to MarketBeat.com.

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

Shares of NYSE HOMB opened at $27.46 on Friday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 14.15 and a beta of 1.05. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $28.99. The company has a fifty day simple moving average of $27.04 and a 200 day simple moving average of $24.90. The company has a current ratio of 0.90, a quick ratio of 0.90, and a debt-to-equity ratio of 0.45.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $247.26 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.29% and a return on equity of 10.41%. The company’s revenue rose 0.6% year-on-year. In the same quarter last year, the company posted EPS of $0.51. Sell-side analysts expect that Home Bancshares, Inc. to post 2.07 EPS for the current year.

Home Bancshares, Inc. (Conway, AR) is raising dividends

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 14th were paid a $0.195 dividend. The ex-dividend date was Wednesday, August 14. This represents a dividend of $0.78 on an annualized basis and a dividend yield of 2.84%. This is an increase from Home Bancshares, Inc.’s previous quarterly dividend. (Conway, AR) of $0.18. Bancshares, Inc.’s dividend payout ratio. (Conway, AR) is 40.21%.

Bancshares, Inc. Boarding House Activity (Conway, AR)

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

About Home Bancshares, Inc. (Conway, AR)

(Free Report)

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank, which 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.