Pictet Asset Management SA Grows Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Posted by Defense World Staff on Mar 2nd, 2023

Pictet Asset Management SA raised its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) by 18.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,417 shares of the financial services provider’s stock after buying an additional 2,117 shares during the period. Pictet Asset Management SA’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James & Associates increased its stake in Home Bancshares, Inc. (Conway, AR) by 10.4% during the 1st quarter. Raymond James & Associates now owns 75,206 shares of the financial services provider’s stock worth $1,700,000 after buying an additional 7,071 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.4% in the first 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 raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 8.0% in the first 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 raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the first 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 raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.6% in the first 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. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods downgraded Home Bancshares, Inc. (Conway, AR) from an “outperform” rating to a “market perform” rating and set a $28.00 price objective for the company. in a research report on Monday, December 12th.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.8 %

Shares of NYSE:HOMB opened at $24.29 on Thursday. The company has a market capitalization of $4.95 billion, a PE ratio of 15.37 and a beta of 1.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.24. Home Bancshares, Inc. has a twelve month low of $19.83 and a twelve month high of $26.20. The firm has a 50 day simple moving average of $23.44 and a 200-day simple moving average of $23.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) last released its quarterly earnings data on Thursday, January 19th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $272.33 million during the quarter, compared to analyst estimates of $260.70 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.01% and a return on equity of 11.03%. On average, equities analysts predict that Home Bancshares, Inc. will post 1.92 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 8th. Stockholders of record on Wednesday, February 15th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.96%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, February 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 45.57%.

Home Bancshares, Inc. (Conway, AR) Profile

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Home Bancshares, Inc is a bank holding company. Which engages in the provision of financial services through its subsidiary Centennial Bank. It primarily offers a range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals, and municipalities.