Handelsbanken Fonder AB Acquires 12,400 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Handelsbanken Fonder AB raised its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 31.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,555 shares of the financial services provider’s stock after acquiring an additional 12,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HOMB. Atria Wealth Solutions Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $619,000. Venturi Wealth Management LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $127,000. Amarillo National Bank lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% during the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider’s stock valued at $2,932,000 after purchasing an additional 60,000 shares during the last quarter. Everhart Financial Group Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% in the 4th quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock worth $568,000 after purchasing an additional 409 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Home Bancshares, Inc. (Conway, AR) by 33.1% during the 4th quarter. Van ECK Associates Corp now owns 135,866 shares of the financial services provider’s stock worth $3,845,000 after buying an additional 33,773 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on HOMB shares. Keefe, Bruyette & Woods increased 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 note on Wednesday, December 4th. Hovde Group lowered their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.66% of the company’s stock.

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

Shares of NYSE:HOMB opened at $29.32 on Thursday. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.83 billion, a PE ratio of 14.51 and a beta of 1.10. The company’s 50 day moving average is $29.37 and its 200 day moving average is $28.63.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share 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 analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be issued a $0.195 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.66%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 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.