GTS Securities LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,422 shares of the financial services provider's stock, valued at approximately $352,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $722,000. Charles Schwab Investment Management Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 5.9% in 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 buying an additional 120,691 shares during the period. Fisher Asset Management LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after buying an additional 324,664 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock valued at $10,714,000 after buying an additional 69,892 shares during the period. Finally, Amarillo National Bank lifted its stake in Home Bancshares, Inc. (Conway, AR) by 137.6% in the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after buying an additional 60,000 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Wall Street Zen raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank of Canada lowered their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Monday, April 21st. Finally, Stephens reaffirmed an "overweight" rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.
Check Out Our Latest Stock Report on HOMB
Home Bancshares, Inc. (Conway, AR) Stock Down 0.7%
Shares of NYSE:HOMB traded down $0.20 during trading on Friday, reaching $28.28. 746,764 shares of the stock were exchanged, compared to its average volume of 1,010,811. 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. has a 1-year low of $22.42 and a 1-year high of $32.91. The stock has a fifty day moving average of $27.63 and a two-hundred day moving average of $28.95. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 14.00 and a beta of 0.79.
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.
Home Bancshares, Inc. (Conway, AR) Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.80 annualized dividend and a yield of 2.83%. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.10%.
Insider Buying and Selling
In related news, insider Kevin Hester sold 7,128 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of the sale, the insider now owns 124,912 shares in the company, valued at approximately $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the sale, the chief accounting officer now owns 4,301 shares of the company's stock, valued at $118,062.45. This trade represents a 36.76% decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.
Home Bancshares, Inc. (Conway, AR) Profile
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Free Report)
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.
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