Y Intercept Hong Kong Ltd Grows Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Y Intercept Hong Kong Ltd raised its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 193.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,755 shares of the financial services provider's stock after purchasing an additional 14,346 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Home Bancshares, Inc. (Conway, AR) were worth $616,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue raised its stake in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd 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 holdings in shares of Home Bancshares, Inc. (Conway, AR) by 115.5% in the third 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. Van ECK Associates Corp raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 40.0% during the third 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. Atria Investments Inc acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth $215,000. Finally, Los Angeles Capital Management LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 139.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 31,812 shares of the financial services provider's stock valued at $862,000 after buying an additional 18,530 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

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

In related news, CEO John W. Allison purchased 10,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost 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 $175,122,278.32. The trade was a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HOMB. Keefe, Bruyette & Woods upped their price objective on shares of 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. Stephens reaffirmed an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group dropped their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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

Home Bancshares, Inc. (Conway, AR) stock traded down $0.00 during mid-day trading on Wednesday, reaching $28.98. The company had a trading volume of 1,149,235 shares, compared to its average volume of 1,100,479. The stock's 50-day simple moving average is $29.50 and its 200-day simple moving average is $28.76. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. 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 $5.76 billion, a P/E ratio of 14.35 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to analysts' expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. On average, equities analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.69%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 38.61%.

Home Bancshares, Inc. (Conway, AR) Company 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.