Amarillo National Bank Grows Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Amarillo National Bank lifted its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 137.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 103,620 shares of the financial services provider's stock after acquiring an additional 60,000 shares during the quarter. Home Bancshares, Inc. (Conway, AR) makes up 0.5% of Amarillo National Bank's investment portfolio, making the stock its 27th largest position. Amarillo National Bank owned approximately 0.05% of Home Bancshares, Inc. (Conway, AR) worth $2,932,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider's stock worth $352,520,000 after acquiring an additional 1,253,259 shares in the last quarter. Barclays PLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock valued at $11,458,000 after purchasing an additional 166,927 shares during the period. Hodges Capital Management Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 57.1% during the 4th quarter. Hodges Capital Management Inc. now owns 393,200 shares of the financial services provider's stock worth $11,127,000 after purchasing an additional 142,900 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider's stock worth $55,430,000 after purchasing an additional 134,741 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in Home Bancshares, Inc. (Conway, AR) by 14.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider's stock valued at $20,534,000 after buying an additional 94,190 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HOMB. 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. Keefe, Bruyette & Woods raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Hovde Group reduced their price target on shares of 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. Finally, Stephens reiterated an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Price Performance

Shares of NYSE:HOMB traded down $0.08 during trading on Wednesday, reaching $30.07. The company had a trading volume of 982,163 shares, compared to its average volume of 1,122,877. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90. 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 market capitalization of $5.98 billion, a P/E ratio of 14.89 and a beta of 1.10. The company has a fifty day moving average of $29.43 and a two-hundred day moving average of $28.51.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same period in the prior year, the company earned $0.43 EPS. The firm's revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently announced 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 is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.59%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average price 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.66% of the stock is currently owned by corporate 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.