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

Intech Investment Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 98.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,634 shares of the financial services provider's stock after purchasing an additional 33,474 shares during the period. Intech Investment Management LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,914,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $722,000. Charles Schwab Investment Management Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after acquiring an additional 120,691 shares during the last quarter. Citigroup Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 12.2% during the 3rd quarter. Citigroup Inc. now owns 289,079 shares of the financial services provider's stock worth $7,831,000 after acquiring an additional 31,493 shares during the period. Fisher Asset Management LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 18.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after acquiring an additional 324,664 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock valued at $647,000 after purchasing an additional 17,563 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity 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 dated Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 6.30% of the stock is currently owned by company insiders.

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

Shares of NYSE HOMB traded down $0.16 during trading on Tuesday, hitting $28.50. 966,866 shares of the company were exchanged, compared to its average volume of 948,860. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.91. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 14.11 and a beta of 1.08. The firm's fifty day moving average price is $29.57 and its 200 day moving average price is $28.86.

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 EPS for the quarter, missing the consensus estimate 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 company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same quarter last year, the business earned $0.43 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.61%.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several analyst reports. Hovde Group cut their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Stephens restated an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods lifted 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 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.00.

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.