39,500 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,500 shares of the financial services provider's stock, valued at approximately $1,118,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gutierrez Wealth Advisory LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $579,000. Lee Danner & Bass Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $85,000. Teacher Retirement System of Texas grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 9.7% during the fourth quarter. Teacher Retirement System of Texas now owns 101,909 shares of the financial services provider's stock valued at $2,884,000 after purchasing an additional 9,032 shares during the last quarter. Compass Ion Advisors LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $202,000. Finally, Xponance Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 4.0% in the 4th quarter. Xponance Inc. now owns 26,294 shares of the financial services provider's stock worth $744,000 after purchasing an additional 1,002 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on HOMB. Hovde Group decreased their price objective 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. Keefe, Bruyette & Woods raised their price target on 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. Finally, Stephens reissued an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.00.

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Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now 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 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 company insiders.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.2 %

NYSE HOMB traded down $0.06 on Wednesday, reaching $28.16. The company had a trading volume of 416,871 shares, compared to its average volume of 1,105,506. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 13.94 and a beta of 1.08. The stock's 50 day moving average is $29.42 and its 200-day moving average is $28.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly 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 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 the consensus estimate of $256.67 million. During the same period last year, the company earned $0.43 earnings per share. The business's revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.195 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.77%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.61%.

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.