Ontario Teachers Pension Plan Board Purchases New Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Ontario Teachers Pension Plan Board acquired a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,313 shares of the financial services provider’s stock, valued at approximately $207,000.

Other hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $28,000. Trust Co. of Vermont purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $40,000. Nomura Asset Management Co. Ltd. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 530 shares during the period. Parkside Financial Bank & Trust purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $53,000. Finally, UMB Bank n.a. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 777 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

NYSE HOMB opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $28.15 and its 200-day simple moving average is $28.77. The company has a market cap of $5.24 billion, a PE ratio of 13.07 and a beta of 0.93. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating 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. As a group, equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.95%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HOMB shares. Stephens reiterated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Finally, Hovde Group reduced 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 research report on Friday, January 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.00.

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

In related news, CEO John W. Allison bought 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the acquisition, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Company 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.