Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,166,844 shares of the financial services provider's stock after buying an additional 120,691 shares during the period. Charles Schwab Investment Management Inc. owned about 1.09% of Home Bancshares, Inc. (Conway, AR) worth $61,322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HOMB. LMR Partners LLP purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $493,000. Citigroup Inc. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.2% during the third quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider's stock worth $7,831,000 after purchasing an additional 31,493 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% during the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock worth $647,000 after purchasing an additional 17,563 shares during the last quarter. Fisher Asset Management LLC grew its holdings 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 purchasing an additional 324,664 shares during the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $439,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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

In related news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, for a total transaction 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. The trade was a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.66% of the stock is owned by corporate insiders.

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

Shares of HOMB opened at $27.95 on Thursday. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The stock's 50 day moving average is $29.49 and its two-hundred day moving average is $28.81. The firm has a market capitalization of $5.55 billion, a PE ratio of 13.83 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.

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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $256.67 million. During the same period in the prior year, the firm posted $0.43 EPS. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 38.61%.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of research reports. Stephens reissued an "overweight" rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group lowered their price target 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. Finally, Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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.

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