Bank of Nova Scotia Acquires New Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Bank of Nova Scotia acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Rating) during the second quarter, HoldingsChannel reports. The fund acquired 35,573 shares of the financial services provider’s stock, valued at approximately $739,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the first quarter valued at approximately $68,000. First Horizon Advisors Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 1,295.4% in the second quarter. First Horizon Advisors Inc. now owns 5,135 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 4,767 shares during the period. Corsicana & Co. bought a new position in Home Bancshares, Inc. (Conway, AR) in the second quarter worth approximately $159,000. Insight Wealth Partners LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the second quarter worth approximately $225,000. Finally, Jane Street Group LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the first quarter worth approximately $299,000. Institutional investors own 59.78% of the company’s stock.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In related news, CFO Brian Davis sold 6,784 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $25.37, for a total transaction of $172,110.08. Following the completion of the transaction, the chief financial officer now directly owns 71,659 shares of the company’s stock, valued at $1,817,988.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard H. Ashley sold 115,348 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $25.10, for a total transaction of $2,895,234.80. Following the completion of the transaction, the director now directly owns 35,712 shares of the company’s stock, valued at $896,371.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian Davis sold 6,784 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $25.37, for a total transaction of $172,110.08. Following the transaction, the chief financial officer now directly owns 71,659 shares of the company’s stock, valued at $1,817,988.83. The disclosure for this sale can be found here. Insiders sold a total of 133,164 shares of company stock valued at $3,332,885 over the last three months. Corporate insiders own 9.11% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Performance

Shares of NYSE HOMB opened at $24.89 on Friday. The firm has a fifty day moving average price of $24.24 and a 200-day moving average price of $22.98. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $5.08 billion, a PE ratio of 17.05 and a beta of 1.19. Home Bancshares, Inc. has a 1 year low of $19.83 and a 1 year high of $26.28.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, November 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 45.21%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. 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. StockNews.com started coverage on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

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

(Get Rating)

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.

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

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