Van ECK Associates Corp Increases Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Van ECK Associates Corp lifted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,866 shares of the financial services provider's stock after purchasing an additional 33,773 shares during the period. Van ECK Associates Corp owned about 0.07% of Home Bancshares, Inc. (Conway, AR) worth $3,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 315,379 shares of the financial services provider's stock worth $8,544,000 after acquiring an additional 28,761 shares during the period. LMR Partners LLP acquired a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter worth $493,000. Citigroup Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 12.2% during the third 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. Point72 Asset Management L.P. raised its position in Home Bancshares, Inc. (Conway, AR) by 277.2% during the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock worth $647,000 after acquiring an additional 17,563 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter worth $439,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NYSE HOMB traded down $0.39 during mid-day trading on Friday, reaching $29.45. The company's stock had a trading volume of 1,109,470 shares, compared to its average volume of 952,187. 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 1-year low of $22.38 and a 1-year high of $32.90. The stock has a 50-day moving average of $29.40 and a two-hundred day moving average of $28.57. The stock has a market capitalization of $5.86 billion, a P/E ratio of 14.58 and a beta of 1.10.

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 earnings per share (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 firm had revenue of $258.40 million during the quarter, compared to analysts' expectations of $256.67 million. During the same period in the prior year, the company posted $0.43 EPS. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.61%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HOMB. Hovde Group reduced their price objective 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 report 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. Keefe, Bruyette & Woods increased 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 research report on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In related news, CEO John W. Allison bought 10,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which is available at this link. 7.66% of the stock is currently owned by insiders.

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.