Zurcher Kantonalbank Zurich Cantonalbank Acquires 748 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,585 shares of the financial services provider’s stock after buying an additional 748 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $894,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Edgestream Partners L.P. bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $790,000. Raymond James Financial Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $5,656,000. Proficio Capital Partners LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $722,000. Atria Investments Inc increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 14.6% during the fourth quarter. Atria Investments Inc now owns 9,111 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 1,160 shares during the period. Finally, Charles Schwab Investment Management Inc. increased 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 during the period. 67.31% of the stock is owned by institutional investors.

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

Shares of NYSE:HOMB opened at $28.12 on Friday. The business’s fifty day moving average price is $29.53 and its two-hundred day moving average price is $28.83. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.91. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 13.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same quarter last year, the company earned $0.43 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. As a group, analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HOMB. Stephens restated an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Hovde Group lowered their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Tuesday, January 21st. The shares were bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 7.66% of the company’s stock.

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.