Wedge Capital Management L L P NC Grows Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Wedge Capital Management L L P NC grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,354 shares of the financial services provider’s stock after purchasing an additional 3,343 shares during the period. Wedge Capital Management L L P NC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,542,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arizona State Retirement System lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 54,856 shares of the financial services provider’s stock valued at $1,149,000 after buying an additional 526 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.2% during the 3rd quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock valued at $243,000 after buying an additional 582 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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. Ronald Blue Trust Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 84.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,684 shares of the financial services provider’s stock valued at $38,000 after buying an additional 771 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.5% during the 4th quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock valued at $473,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was 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 $5,128,691.04. The disclosure for this sale can be found here. Corporate insiders own 7.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Piper Sandler increased their target price on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Finally, Stephens increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and a consensus price target of $26.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.4 %

Shares of HOMB opened at $24.80 on Thursday. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $25.80. The company has a market capitalization of $4.99 billion, a PE ratio of 12.78 and a beta of 1.11. The stock has a fifty day simple moving average of $23.64 and a two-hundred day simple moving average of $23.22. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same period last year, the company earned $0.54 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities analysts forecast that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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.