Disciplined Investments LLC Reduces Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Disciplined Investments LLC decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,838 shares of the financial services provider’s stock after selling 1,772 shares during the period. Disciplined Investments LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOMB. Trust Co. of Vermont purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $40,000. Parkside Financial Bank & Trust purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $53,000. UMB Bank n.a. increased its stake in 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 worth $57,000 after buying an additional 777 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $60,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth $76,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

In other news, CEO John W. Allison acquired 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 transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HOMB has been the topic of several analyst reports. Stephens reaffirmed an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Hovde Group decreased 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 report on Friday, January 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.3 %

NYSE HOMB opened at $30.03 on Tuesday. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.90. The company has a 50-day simple moving average of $29.48 and a 200-day simple moving average of $28.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The firm has a market capitalization of $5.97 billion, a PE ratio of 14.87 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same period last year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

About Home Bancshares, Inc. (Conway, AR)

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.