Van ECK Associates Corp Has $3.85 Million Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Van ECK Associates Corp grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 33.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 135,866 shares of the financial services provider’s stock after buying an additional 33,773 shares during the period. Van ECK Associates Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $3,845,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after purchasing an additional 1,253,259 shares during the period. Barclays PLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% in the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after purchasing an additional 166,927 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 57.1% during the fourth quarter. Hodges Capital Management Inc. now owns 393,200 shares of the financial services provider’s stock worth $11,127,000 after buying an additional 142,900 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after buying an additional 134,741 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 14.9% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider’s stock valued at $20,534,000 after buying an additional 94,190 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.3 %

Shares of NYSE:HOMB opened at $30.07 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The business’s 50 day simple moving average is $29.43 and its two-hundred day simple moving average is $28.51. The firm has a market cap of $5.98 billion, a P/E ratio of 14.89 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued 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). The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, research analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.59%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.61%.

Analyst Ratings Changes

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

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

In related news, CEO John W. Allison bought 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.