Avantax Advisory Services Inc. Buys 7,881 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Avantax Advisory Services Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,868 shares of the financial services provider’s stock after purchasing an additional 7,881 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,779,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $722,000. LMR Partners LLP bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter valued at about $493,000. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $61,322,000 after purchasing an additional 120,691 shares in the last quarter. Citigroup Inc. boosted its holdings in 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 purchasing an additional 31,493 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its position in Home Bancshares, Inc. (Conway, AR) by 277.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 17,563 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

In related news, CEO John W. Allison acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Hovde Group cut 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 research note on Friday, January 17th. Stephens reissued an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their target price 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of “Moderate Buy” and an average target price of $32.00.

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

Shares of HOMB opened at $28.57 on Tuesday. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.91. 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 stock’s fifty day moving average price is $29.51 and its two-hundred day moving average price is $28.83. The firm has a market cap of $5.67 billion, a PE ratio of 14.14 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $258.40 million for 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%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. On average, equities research analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

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. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.73%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

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.