Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 193.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,755 shares of the financial services provider’s stock after purchasing an additional 14,346 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $40,000. UMB Bank n.a. grew its position in Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 777 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $60,000. Point72 Hong Kong Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at about $76,000. Finally, Venturi Wealth Management LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $127,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NYSE HOMB opened at $29.97 on Friday. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The business has a 50-day moving average of $29.45 and a 200-day moving average of $28.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 14.84 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 EPS. On average, equities analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 38.61%.

Analysts Set New Price Targets

A number of research firms have issued reports on HOMB. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Hovde Group lowered their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Finally, Stephens reissued an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.66% of the stock is currently owned by insiders.

Home Bancshares, Inc. (Conway, AR) Profile

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.