KLP Kapitalforvaltning AS Invests $1.12 Million in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

KLP Kapitalforvaltning AS acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 39,500 shares of the financial services provider's stock, valued at approximately $1,118,000.

Other hedge funds also recently bought and sold shares of the company. Gutierrez Wealth Advisory LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $579,000. Lee Danner & Bass Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $85,000. Teacher Retirement System of Texas raised its position in Home Bancshares, Inc. (Conway, AR) by 9.7% in the 4th 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 bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $202,000. Finally, Xponance Inc. increased its stake in shares of 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 valued at $744,000 after buying an additional 1,002 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Down 9.0 %

Shares of NYSE HOMB traded down $2.54 during trading on Thursday, hitting $25.84. 1,636,624 shares of the company traded hands, compared to its average volume of 1,003,048. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.91. The business's fifty day moving average is $29.30 and its 200 day moving average is $28.90. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 12.79 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Equities research analysts predict 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. 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 3.02%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 38.61%.

Insiders Place Their Bets

In related news, CEO John W. Allison bought 10,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stephens restated an "overweight" rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group decreased their price target on shares of 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. Finally, 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 research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" 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.