Bahl & Gaynor Inc. Has $26.39 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Bahl & Gaynor Inc. trimmed its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 932,599 shares of the financial services provider's stock after selling 59,425 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.47% of Home Bancshares, Inc. (Conway, AR) worth $26,393,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Trust Co. of Vermont acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $40,000. Parkside Financial Bank & Trust acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $53,000. UMB Bank n.a. boosted its holdings 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 purchasing an additional 777 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $60,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth $76,000. 67.31% of the stock is currently owned by institutional investors.

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

In other news, CEO John W. Allison bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average price 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 approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.66% of the company's stock.

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Wall Street Analysts Forecast Growth

HOMB has been the subject of several research reports. Hovde Group decreased 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 report on Friday, January 17th. Stephens restated an "overweight" rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, Keefe, Bruyette & Woods increased 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

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

NYSE:HOMB traded up $0.20 during mid-day trading on Friday, hitting $28.92. The stock had a trading volume of 1,025,137 shares, compared to its average volume of 1,098,458. 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 company has a 50 day simple moving average of $29.50 and a 200-day simple moving average of $28.76. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 14.31 and a beta of 1.10. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share 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 business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. During the same period last year, the firm posted $0.43 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.70%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.61%.

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.