International Assets Investment Management LLC Buys 1,168,716 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

International Assets Investment Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 2,433.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,216,752 shares of the financial services provider's stock after purchasing an additional 1,168,716 shares during the period. International Assets Investment Management LLC owned approximately 0.60% of Home Bancshares, Inc. (Conway, AR) worth $30,820,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Raymond James & Associates lifted its stake in Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider's stock valued at $1,700,000 after acquiring an additional 7,071 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Home Bancshares, Inc. (Conway, AR) by 10.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,194 shares of the financial services provider's stock valued at $1,247,000 after acquiring an additional 5,218 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Home Bancshares, Inc. (Conway, AR) by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 82,253 shares of the financial services provider's stock valued at $1,909,000 after acquiring an additional 6,127 shares in the last quarter. Yousif Capital Management LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 1.4% in the 1st quarter. Yousif Capital Management LLC now owns 79,974 shares of the financial services provider's stock valued at $1,807,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Home Bancshares, Inc. (Conway, AR) by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,973,531 shares of the financial services provider's stock valued at $89,803,000 after acquiring an additional 99,183 shares in the last quarter. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

HOMB has been the topic of several research reports. Royal Bank of Canada restated a "sector perform" rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday. Piper Sandler boosted their price target on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Hold" and a consensus price target of $25.00.

Insider Buying and Selling

In related news, Director Donna Townsell sold 22,729 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, 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 hyperlink. In other news, CEO John W. Allison purchased 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on 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 purchase, the chief executive officer now directly owns 5,509,982 shares of the company's stock, valued at approximately $125,296,990.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna Townsell sold 22,729 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the sale, the director now owns 215,854 shares of the company's stock, valued at $5,128,691.04. The disclosure for this sale can be found here. 7.66% of the stock is owned by insiders.

Home Bancshares, Inc. (Conway, AR) Stock Down 5.3 %

Shares of NYSE:HOMB traded down $1.29 during trading on Wednesday, hitting $22.94. 1,157,130 shares of the company were exchanged, compared to its average volume of 982,679. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 11.76 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 firm has a fifty day moving average price of $23.60 and a two-hundred day moving average price of $23.05. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $245.62 million for the quarter, compared to analyst estimates of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. As a group, research analysts anticipate that Home Bancshares, Inc. will post 1.88 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 36.92%.

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.