Vanguard Group Inc. Acquires 121,845 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Vanguard Group Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,291,980 shares of the financial services provider's stock after purchasing an additional 121,845 shares during the quarter. Vanguard Group Inc. owned 10.21% of Home Bancshares, Inc. (Conway, AR) worth $574,263,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock valued at $1,979,000 after buying an additional 374 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 2.1% during the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock valued at $568,000 after purchasing an additional 409 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after purchasing an additional 540 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% in the third quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider's stock worth $294,000 after purchasing an additional 554 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock valued at $894,000 after purchasing an additional 748 shares during the period. Institutional investors own 67.31% of the company's stock.

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

Shares of HOMB traded down $0.76 during mid-day trading on Friday, hitting $25.07. 1,620,112 shares of the stock were exchanged, compared to its average volume of 1,007,709. The company has a market cap of $4.98 billion, a PE ratio of 12.41 and a beta of 1.08. The firm has a 50-day moving average of $29.20 and a two-hundred day moving average of $28.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its 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 return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same quarter last year, the firm earned $0.43 earnings per share. The business's quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

Analyst Ratings Changes

HOMB has been the subject of several research analyst reports. Hovde Group cut their target price on 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. StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a report on Friday. Finally, Stephens reissued an "overweight" rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Hold" and a consensus price target of $32.00.

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

In other news, CEO John W. Allison purchased 10,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost 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. 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 this hyperlink. Company insiders own 6.30% of the company's stock.

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.