Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,291,980 shares of the financial services provider’s stock after acquiring an additional 121,845 shares during the period. Vanguard Group Inc. owned approximately 10.21% of Home Bancshares, Inc. (Conway, AR) worth $574,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harbor Capital Advisors Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 374 shares during the last quarter. Everhart Financial Group Inc. raised its holdings 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 valued at $568,000 after buying an additional 409 shares during the period. Pacer Advisors Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider’s stock worth $783,000 after acquiring an additional 540 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 5.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 554 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Home Bancshares, Inc. (Conway, AR) by 2.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider’s stock valued at $894,000 after acquiring an additional 748 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HOMB shares. Stephens reissued an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Hovde Group dropped their price target 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. Finally, Keefe, Bruyette & Woods increased 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 note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Insider Buying and Selling

In related news, CEO John W. Allison purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost 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 of the company’s stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.5 %

Shares of NYSE:HOMB opened at $28.27 on Tuesday. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91. The company’s 50 day moving average is $29.45 and its two-hundred day moving average is $28.92. The company has a market cap of $5.61 billion, a PE ratio of 13.99 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations 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 period last year, the company earned $0.43 EPS. Equities analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

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.