Compass Ion Advisors LLC Takes $202,000 Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Compass Ion Advisors LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 4th quarter, Holdings Channel.com reports. The firm purchased 7,125 shares of the financial services provider’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $722,000. LMR Partners LLP acquired a new position in Home Bancshares, Inc. (Conway, AR) in the third quarter valued at about $493,000. Charles Schwab Investment Management Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock worth $61,322,000 after buying an additional 120,691 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.2% during the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock worth $7,831,000 after buying an additional 31,493 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock valued at $59,160,000 after acquiring an additional 324,664 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Hovde Group decreased their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Stephens reaffirmed an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.9 %

HOMB stock opened at $28.63 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.91. The company has a market cap of $5.68 billion, a P/E ratio of 14.17 and a beta of 1.08. The business has a fifty day moving average of $29.53 and a 200-day moving average of $28.83.

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

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Insider Activity

In related news, CEO John W. Allison purchased 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 7.66% of the stock is currently owned by company insiders.

About Home Bancshares, Inc. (Conway, AR)

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.