Xponance Inc. Boosts Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Xponance Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,294 shares of the financial services provider’s stock after acquiring an additional 1,002 shares during the quarter. Xponance Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $40,000. Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $53,000. UMB Bank n.a. raised its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth 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 in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $60,000. Finally, Point72 Hong Kong Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at approximately $76,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 2.5 %

HOMB stock opened at $28.70 on Tuesday. The business has a 50 day moving average of $29.57 and a 200 day moving average of $28.86. The firm has a market cap of $5.70 billion, a PE ratio of 14.21 and a beta of 1.08. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.91. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results 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 company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, research analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.72%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Finally, Hovde Group dropped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were purchased 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

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.