Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stake Lifted by Everhart Financial Group Inc.

Everhart Financial Group Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,058 shares of the financial services provider’s stock after acquiring an additional 409 shares during the period. Everhart Financial Group Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake in Home Bancshares, Inc. (Conway, AR) by 33.1% during the 4th quarter. Van ECK Associates Corp now owns 135,866 shares of the financial services provider’s stock worth $3,845,000 after buying an additional 33,773 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider’s stock worth $10,714,000 after acquiring an additional 69,892 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $60,000. Tectonic Advisors LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 4.5% during the 4th quarter. Tectonic Advisors LLC now owns 62,714 shares of the financial services provider’s stock worth $1,775,000 after acquiring an additional 2,711 shares during the period. Finally, Trust Point Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 26.8% during the 4th quarter. Trust Point Inc. now owns 14,583 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 3,082 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HOMB shares. 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 research report on Friday, January 17th. 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. Keefe, Bruyette & Woods boosted their price target 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. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $29.97 on Monday. 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 has a market cap of $5.96 billion, a price-to-earnings ratio of 14.83 and a beta of 1.10. The business has a fifty day simple moving average of $29.46 and a 200-day simple moving average of $28.46. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to analyst estimates 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 company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

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

In related news, CEO John W. Allison bought 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.66% of the stock is owned by insiders.

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.