Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 373,107 shares of the financial services provider’s stock after buying an additional 1,700 shares during the period. Swiss National Bank’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $10,559,000 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 about $40,000. Parkside Financial Bank & Trust acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $53,000. UMB Bank n.a. lifted 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 purchasing 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 about $60,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $76,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group reduced their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Three research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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

In related news, CEO John W. Allison purchased 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were bought 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 of the company’s stock, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The purchase 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) Stock Performance

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $28.12 on Friday. The firm has a market capitalization of $5.58 billion, a P/E ratio of 13.92 and a beta of 1.08. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $29.53 and its two-hundred day moving average is $28.83.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly 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 company 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 revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.77%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 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.