Proficio Capital Partners LLC Purchases New Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Proficio Capital Partners LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,526 shares of the financial services provider's stock, valued at approximately $722,000.

Several other institutional investors have also added to or reduced their stakes in HOMB. Atria Investments Inc bought a new stake in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at $215,000. Natixis Advisors LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 4.6% during the third quarter. Natixis Advisors LLC now owns 160,438 shares of the financial services provider's stock worth $4,347,000 after purchasing an additional 7,079 shares during the period. Thrivent Financial for Lutherans grew its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider's stock worth $2,326,000 after purchasing an additional 481 shares during the period. Intech Investment Management LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 236.7% in the 3rd quarter. Intech Investment Management LLC now owns 34,160 shares of the financial services provider's stock valued at $925,000 after acquiring an additional 24,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider's stock valued at $55,430,000 after purchasing an additional 134,741 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

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Home Bancshares, Inc. (Conway, AR) Stock Up 0.8 %

Shares of NYSE:HOMB traded up $0.24 during mid-day trading on Wednesday, hitting $28.73. 703,343 shares of the company traded hands, compared to its average volume of 947,503. The stock has a 50-day moving average price of $29.57 and a two-hundred day moving average price of $28.87. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.91. The stock has a market cap of $5.70 billion, a P/E ratio of 14.22 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued 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). 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 for the quarter, compared to the consensus estimate of $256.67 million. During the same quarter last year, the business posted $0.43 earnings per share. Home Bancshares, Inc. (Conway, AR)'s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) 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 approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Hovde Group reduced their price objective 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. Keefe, Bruyette & Woods lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Stephens restated 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.