Thrivent Financial for Lutherans Has $2.33 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Thrivent Financial for Lutherans grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 85,865 shares of the financial services provider’s stock after buying an additional 481 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 795 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 427 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 528 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth about $75,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter worth about $81,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director James Pat Hickman sold 63,997 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the chief accounting officer now owns 3,468 shares in the company, valued at approximately $104,664.24. This represents a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,997 shares of company stock worth $2,782,548. Corporate insiders own 7.66% of the company’s stock.

Analysts Set New Price Targets

HOMB has been the subject of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $28.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens upped their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Finally, Piper Sandler upped their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.25.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.0 %

Shares of HOMB opened at $31.77 on Thursday. Home Bancshares, Inc. has a 52 week low of $21.70 and a 52 week high of $32.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 16.54 and a beta of 1.05. The business’s fifty day moving average price is $28.13 and its two-hundred day moving average price is $26.33.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The company had revenue of $258.00 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts predict that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.195 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.78 annualized dividend and a yield of 2.46%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 40.21%.

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.