Rothschild & Co. Asset Management US Inc. Boosts Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

Financial News Live · Sep 8, 2022 11:22

Rothschild & Co. Asset Management US Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating) by 4.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 370,365 shares of the financial services provider's stock after purchasing an additional 17,255 shares during the period. Rothschild & Co. Asset Management US Inc. owned approximately 0.23% of Home Bancshares, Inc. (Conway, AR) worth $8,370,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank N A MO purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $36,000. Rockefeller Capital Management L.P. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 173.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,383 shares of the financial services provider's stock valued at $58,000 after buying an additional 1,513 shares in the last quarter. MCF Advisors LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter valued at about $68,000. Allianz Asset Management GmbH purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $205,000. Finally, Strs Ohio grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 16.0% in the first quarter. Strs Ohio now owns 9,400 shares of the financial services provider's stock valued at $212,000 after purchasing an additional 1,300 shares during the last quarter. 59.78% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on HOMB. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, August 11th. TheStreet upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "c+" rating to a "b" rating in a research report on Tuesday, August 16th.

Insider Buying and Selling

In related news, Director Jack Engelkes purchased 25,000 shares of the firm's stock in a transaction on Thursday, June 23rd. The shares were bought at an average price of $20.58 per share, for a total transaction of $514,500.00. Following the acquisition, the director now directly owns 178,634 shares in the company, valued at $3,676,287.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jack Engelkes purchased 25,000 shares of the firm's stock in a transaction on Thursday, June 23rd. The shares were bought at an average price of $20.58 per share, for a total transaction of $514,500.00. Following the acquisition, the director now directly owns 178,634 shares in the company, valued at $3,676,287.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alex R. Lieblong purchased 10,000 shares of the firm's stock in a transaction on Friday, August 26th. The stock was bought at an average price of $24.21 per share, for a total transaction of $242,100.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at $1,210,500. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 55,000 shares of company stock worth $1,260,400. 9.11% of the stock is owned by insiders.

Home Bancshares, Inc. (Conway, AR) Stock Up 2.2 %

Shares of NASDAQ HOMB opened at $22.79 on Thursday. Home Bancshares, Inc. has a 1 year low of $19.83 and a 1 year high of $26.64. The firm's 50 day moving average price is $23.07 and its 200 day moving average price is $22.38. The firm has a market cap of $4.67 billion, a P/E ratio of 12.82 and a beta of 1.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.83 and a current ratio of 0.83.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB – Get Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.09. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.43% and a return on equity of 10.50%. The firm had revenue of $243.30 million for the quarter, compared to analyst estimates of $226.63 million. During the same quarter last year, the business earned $0.46 earnings per share. Home Bancshares, Inc. (Conway, AR)'s revenue was up 41.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Home Bancshares, Inc. will post 1.91 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Wednesday, August 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 2.90%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 47.48%.

Home Bancshares, Inc. (Conway, AR) 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.