Hudson Edge Investment Partners Inc. Increases Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Hudson Edge Investment Partners Inc. raised its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 22.2% during the fourth quarter, Holdings Channel reports. The firm owned 40,486 shares of the financial services provider’s stock after buying an additional 7,357 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 10.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider’s stock valued at $8,544,000 after purchasing an additional 28,761 shares during the period. LMR Partners LLP purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the third quarter valued at approximately $493,000. Citigroup Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 12.2% in the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider’s stock valued at $7,831,000 after purchasing an additional 31,493 shares during the period. Point72 Asset Management L.P. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% during the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 17,563 shares during the period. Finally, Alpha DNA Investment Management LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth $439,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HOMB. Keefe, Bruyette & Woods upped their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Hovde Group cut their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.66% of the company’s stock.

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

Shares of HOMB stock opened at $29.45 on Friday. 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. has a 12 month low of $22.38 and a 12 month high of $32.90. The company has a market cap of $5.86 billion, a P/E ratio of 14.58 and a beta of 1.10. The firm has a fifty day moving average price of $29.40 and a 200 day moving average price of $28.55.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the prior year, the company earned $0.43 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.195 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 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.