Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,227,379 shares of the financial services provider's stock after purchasing an additional 11,354 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.62% of Home Bancshares, Inc. (Conway, AR) worth $34,735,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $40,000. Parkside Financial Bank & Trust bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $53,000. UMB Bank n.a. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $60,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth about $76,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.1 %

Shares of NYSE:HOMB traded up $0.03 on Tuesday, hitting $28.30. 138,981 shares of the company's stock were exchanged, compared to its average volume of 995,720. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 14.00 and a beta of 1.08. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.91. 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 business's 50 day simple moving average is $29.45 and its two-hundred day simple moving average is $28.92.

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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 EPS 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 company had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. Home Bancshares, Inc. (Conway, AR)'s revenue was up 5.2% on a year-over-year basis. Analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Wednesday, February 12th. 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 acquired 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now directly owns 5,693,182 shares of the company's stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HOMB shares. Stephens reiterated 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. Keefe, Bruyette & Woods increased their target price on shares of 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, Hovde Group lowered their target price 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $32.00.

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.