Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 91.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,489 shares of the financial services provider’s stock after buying an additional 1,666 shares during the quarter. Jones Financial Companies Lllp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $99,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $40,000. Parkside Financial Bank & Trust acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $53,000. UMB Bank n.a. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $57,000 after buying an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $60,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth approximately $76,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

HOMB stock opened at $28.36 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 14.04 and a beta of 1.08. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.91. The stock’s fifty day moving average is $29.50 and its two-hundred day moving average is $28.82.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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 company 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 net margin of 27.39% and a return on equity of 10.31%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, research analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently announced 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 2.75%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

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

In related news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now directly 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 7.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HOMB has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted 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 report on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Hovde Group decreased their price objective on shares of 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.