7,460 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,460 shares of the financial services provider’s stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider’s stock valued at $574,263,000 after acquiring an additional 121,845 shares during the period. Geode Capital Management LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock valued at $120,983,000 after purchasing an additional 60,588 shares during the last quarter. Copeland Capital Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 0.6% in the fourth quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider’s stock valued at $92,256,000 after purchasing an additional 19,290 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock worth $61,322,000 after purchasing an additional 120,691 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock worth $59,160,000 after buying an additional 324,664 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. 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 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 note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.5 %

NYSE:HOMB opened at $28.14 on Friday. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.91. The firm has a market cap of $5.59 billion, a PE ratio of 13.93 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average price of $29.50 and a 200 day moving average price of $28.89.

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 (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 analysts’ expectations of $256.67 million. During the same quarter in the previous year, the business posted $0.43 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

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

In other news, CEO John W. Allison acquired 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 5,693,182 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.30% of the company’s stock.

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.