25,526 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 25,526 shares of the financial services provider's stock, valued at approximately $722,000.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 40.0% in the third quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider's stock valued at $2,763,000 after acquiring an additional 29,171 shares during the period. Atria Investments Inc bought a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $215,000. Los Angeles Capital Management LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 139.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,812 shares of the financial services provider's stock worth $862,000 after purchasing an additional 18,530 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth approximately $215,000. Finally, Aptus Capital Advisors LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 25.1% in the third quarter. Aptus Capital Advisors LLC now owns 187,437 shares of the financial services provider's stock valued at $5,078,000 after buying an additional 37,549 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

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

Shares of HOMB traded up $0.27 during midday trading on Wednesday, hitting $27.95. The company's stock had a trading volume of 481,868 shares, compared to its average volume of 1,086,439. 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 one year low of $22.38 and a one year high of $32.90. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 13.83 and a beta of 1.08. The company's fifty day simple moving average is $29.50 and its two-hundred day simple moving average is $28.81.

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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results 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 return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same period in the previous year, the firm posted $0.43 EPS. The firm's revenue was up 5.2% compared to the same quarter last year. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.79%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.61%.

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

In other news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.66% of the company's stock.

Analysts Set New Price Targets

HOMB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Hovde Group reduced their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Finally, Stephens reaffirmed 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.00.

About Home Bancshares, Inc. (Conway, AR)

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.