Ranger Investment Management L.P. Has $33.82 Million Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Ranger Investment Management L.P. lessened its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,194,996 shares of the financial services provider's stock after selling 22,880 shares during the quarter. Home Bancshares, Inc. (Conway, AR) makes up about 2.1% of Ranger Investment Management L.P.'s holdings, making the stock its 13th biggest holding. Ranger Investment Management L.P. owned 0.60% of Home Bancshares, Inc. (Conway, AR) worth $33,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOMB. Aster Capital Management DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $28,000. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth approximately $40,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after purchasing an additional 530 shares during the period. Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $53,000. Finally, UMB Bank n.a. increased its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after buying an additional 777 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired 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 $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.6 %

NYSE HOMB traded down $0.16 during trading on Monday, hitting $25.07. 306,212 shares of the company traded hands, compared to its average volume of 1,017,879. Home Bancshares, Inc. has a 12 month low of $21.56 and a 12 month high of $32.91. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $28.53 and a 200 day simple moving average of $28.82. The company has a market capitalization of $4.98 billion, a P/E ratio of 12.41 and a beta of 0.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (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 for the quarter, compared to the consensus estimate of $256.67 million. During the same period last year, the firm posted $0.43 EPS. The company's revenue was up 5.2% compared to the same quarter last year. As a group, sell-side 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 announced 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 of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.61%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Hovde Group dropped their price target 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. StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Stephens reissued an "overweight" rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of "Hold" and an average price target 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.