Parallel Advisors LLC Has $26,000 Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Posted by Defense World Staff on Jul 23rd, 2023

Parallel Advisors LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Free Report) by 544.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,193 shares of the financial services provider’s stock after purchasing an additional 1,008 shares during the period. Parallel Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $26,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. CI Investments Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 37.7% during the fourth quarter. CI Investments Inc. now owns 1,549 shares of the financial services provider’s stock worth $35,000 after buying an additional 424 shares during the last quarter. Horrell Capital Management Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the fourth quarter. Horrell Capital Management Inc. now owns 117,420 shares of the financial services provider’s stock worth $2,676,000 after buying an additional 740 shares during the last quarter. HighTower Advisors LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 6.8% during the fourth quarter. HighTower Advisors LLC now owns 12,753 shares of the financial services provider’s stock worth $289,000 after buying an additional 809 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 8.3% during the fourth quarter. Cetera Advisor Networks LLC now owns 10,646 shares of the financial services provider’s stock worth $243,000 after buying an additional 819 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Home Bancshares, Inc. (Conway, AR) by 1.7% in the third quarter. Thrivent Financial for Lutherans now owns 50,475 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 841 shares in the last quarter. Institutional investors and hedge funds own 63.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HOMB shares. Stephens lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday. StockNews.com started coverage on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $25.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.67.

Home Bancshares, Inc. (Conway, AR) Trading Down 2.6 %

NYSE:HOMB opened at $23.52 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a 50-day moving average of $22.84 and a 200-day moving average of $22.17. The company has a market cap of $4.77 billion, a PE ratio of 13.92 and a beta of 1.16. Home Bancshares, Inc. has a one year low of $19.77 and a one year high of $26.20.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Free Report) last posted its earnings results on Thursday, April 20th. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $248.76 million during the quarter, compared to the consensus estimate of $251.43 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.70% and a return on equity of 12.00%. As a group, equities research analysts expect that Home Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 7th. Stockholders of record on Wednesday, May 17th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Tuesday, May 16th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 42.60%.

About Home Bancshares, Inc. (Conway, AR)

(Free Report)

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.