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Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Shares Acquired by JPMorgan Chase & Co.

Defense World · Sep 4, 2022 05:01

JPMorgan Chase & Co. grew its stake in Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating) by 19.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,186,400 shares of the financial services provider's stock after purchasing an additional 189,438 shares during the period. JPMorgan Chase & Co. owned approximately 0.72% of Home Bancshares, Inc. (Conway, AR) worth $26,812,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HOMB. UMB Bank N A MO acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $36,000. Rockefeller Capital Management L.P. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 173.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,383 shares of the financial services provider's stock worth $58,000 after acquiring an additional 1,513 shares during the period. MCF Advisors LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter worth $68,000. Allianz Asset Management GmbH acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $205,000. Finally, Strs Ohio grew its holdings in Home Bancshares, Inc. (Conway, AR) by 16.0% during the first quarter. Strs Ohio now owns 9,400 shares of the financial services provider's stock worth $212,000 after acquiring an additional 1,300 shares during the period. Institutional investors and hedge funds own 59.78% of the company's stock.

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Analyst Upgrades and Downgrades

HOMB has been the topic of a number of recent analyst reports. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, August 11th. TheStreet raised Home Bancshares, Inc. (Conway, AR) from a "c+" rating to a "b" rating in a report on Tuesday, August 16th.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.6 %

Shares of NASDAQ:HOMB opened at $22.97 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.25. Home Bancshares, Inc. has a 52-week low of $19.83 and a 52-week high of $26.64. The stock's fifty day simple moving average is $22.88 and its 200-day simple moving average is $22.41. The company has a market capitalization of $4.71 billion, a P/E ratio of 16.53 and a beta of 1.24.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.09. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.50% and a net margin of 28.43%. The business had revenue of $243.30 million for the quarter, compared to the consensus estimate of $226.63 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business's revenue was up 41.1% on a year-over-year basis. As a group, equities research analysts forecast that Home Bancshares, Inc. will post 1.91 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.66 annualized dividend and a yield of 2.87%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 47.48%.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director Alex R. Lieblong bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, August 18th. The shares were purchased at an average cost of $25.19 per share, for a total transaction of $503,800.00. Following the completion of the transaction, the director now owns 20,000 shares of the company's stock, valued at approximately $503,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Home Bancshares, Inc. (Conway, AR) news, Director Alex R. Lieblong bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, August 18th. The shares were purchased at an average cost of $25.19 per share, for a total transaction of $503,800.00. Following the completion of the transaction, the director now owns 20,000 shares of the company's stock, valued at approximately $503,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Stephen Tipton sold 18,000 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $23.77, for a total value of $427,860.00. Following the transaction, the chief operating officer now owns 8,308 shares in the company, valued at $197,481.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 55,000 shares of company stock worth $1,260,400. 9.11% of the stock is owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Company Profile

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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.