Bridgefront Capital LLC Buys 12,448 Shares of Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

Bridgefront Capital LLC increased its stake in Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) by 162.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,092 shares of the financial services provider’s stock after buying an additional 12,448 shares during the quarter. Bridgefront Capital LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HOMB. BlackRock Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 6.6% in the first quarter. BlackRock Inc. now owns 18,877,117 shares of the financial services provider’s stock worth $510,627,000 after buying an additional 1,174,843 shares during the last quarter. Brown Advisory Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) in the first quarter worth $7,589,000. Victory Capital Management Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 669.0% in the first quarter. Victory Capital Management Inc. now owns 241,099 shares of the financial services provider’s stock worth $6,522,000 after buying an additional 209,747 shares during the last quarter. Bahl & Gaynor Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 116.2% in the first quarter. Bahl & Gaynor Inc. now owns 365,868 shares of the financial services provider’s stock worth $9,896,000 after buying an additional 196,645 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 7.2% in the first quarter. Geode Capital Management LLC now owns 2,598,384 shares of the financial services provider’s stock worth $70,286,000 after buying an additional 175,593 shares during the last quarter. Institutional investors own 66.57% of the company’s stock.

NASDAQ:HOMB opened at $22.74 on Friday. Home Bancshares, Inc. has a twelve month low of $14.51 and a twelve month high of $29.76. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 11.66 and a beta of 1.53. The stock has a fifty day simple moving average of $21.75 and a 200-day simple moving average of $24.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) last released its quarterly earnings data on Wednesday, July 14th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. The firm had revenue of $172.40 million during the quarter, compared to the consensus estimate of $174.17 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 11.86% and a net margin of 40.76%. The firm’s quarterly revenue was up 174.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. As a group, equities research analysts predict that Home Bancshares, Inc. will post 1.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Wednesday, August 11th were issued a $0.14 dividend. The ex-dividend date was Tuesday, August 10th. This represents a $0.56 annualized dividend and a dividend yield of 2.46%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 30.27%.

Several analysts have recently weighed in on the company. Raymond James downgraded Home Bancshares, Inc. (Conway, AR) from an “outperform” rating to a “market perform” rating in a research report on Friday, July 16th. Zacks Investment Research downgraded Home Bancshares, Inc. (Conway, AR) from a “buy” rating to a “hold” rating in a research report on Tuesday, July 20th.

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

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.

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Institutional Ownership by Quarter for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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