27,923 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 27,923 shares of the financial services provider’s stock, valued at approximately $790,000.

Several other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during 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 buying an additional 374 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 2.1% during the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 409 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after acquiring an additional 481 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 2.0% during the fourth 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. Finally, Sunbelt Securities Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% during the third quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 554 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.7 %

Shares of NYSE:HOMB opened at $27.74 on Wednesday. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The stock’s fifty day moving average price is $29.50 and its 200-day moving average price is $28.81. The company has a market cap of $5.51 billion, a P/E ratio of 13.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results 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). 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 return on equity of 10.31% and a net margin of 27.39%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 EPS. Sell-side analysts expect 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 was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HOMB. Stephens reissued 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 price target on 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three research 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of $30.76 per share, with a total value of $307,600.00. Following the completion of the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.66% of the stock is owned by corporate insiders.

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.