Handelsbanken Fonder AB Grows Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Handelsbanken Fonder AB boosted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 31.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,555 shares of the financial services provider's stock after purchasing an additional 12,400 shares during the period. Handelsbanken Fonder AB's holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,459,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HOMB. Blue Trust Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock valued at $49,000 after buying an additional 528 shares during the last quarter. Dakota Wealth Management acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth approximately $208,000. State of Alaska Department of Revenue boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider's stock valued at $588,000 after acquiring an additional 1,460 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 115.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider's stock valued at $1,884,000 after purchasing an additional 37,266 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Home Bancshares, Inc. (Conway, AR) by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider's stock worth $2,763,000 after purchasing an additional 29,171 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

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Home Bancshares, Inc. (Conway, AR) Stock Up 2.1 %

Shares of NYSE HOMB traded up $0.62 during trading on Friday, hitting $29.97. The stock had a trading volume of 1,009,712 shares, compared to its average volume of 1,089,811. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90. The firm has a fifty day moving average of $29.45 and a two-hundred day moving average of $28.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The company has a market capitalization of $5.96 billion, a PE ratio of 14.84 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results 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 firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business's quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm 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 dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

Analyst Upgrades and Downgrades

HOMB has been the topic of a number of analyst reports. Hovde Group reduced their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Stephens reaffirmed an "overweight" rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note 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 company a "market perform" rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

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

In related news, CEO John W. Allison bought 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 7.66% of the stock is currently owned by insiders.

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.