Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc lowered its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 508,350 shares of the financial services provider’s stock after selling 3,271 shares during the quarter. Fenimore Asset Management Inc owned 0.26% of Home Bancshares, Inc. (Conway, AR) worth $14,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 795 shares during the last quarter. GAMMA Investing LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 427 shares during the last quarter. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. Blue Trust Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 528 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $76,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the firm’s stock in a transaction dated 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 owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Pat Hickman sold 63,997 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the transaction, the director now owns 175,500 shares of the company’s stock, valued at $5,400,135. This represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,997 shares of company stock worth $2,782,548. 7.66% of the stock is owned by insiders.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.0 %

NYSE HOMB opened at $30.03 on Friday. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 14.87 and a beta of 1.10. The company’s fifty day moving average price is $29.70 and its two-hundred day moving average price is $28.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Home Bancshares, Inc. (Conway, AR)’s revenue 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. As a group, research analysts predict that Home Bancshares, Inc. will post 2.18 earnings per share for the current fiscal year.

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

The business also recently declared 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 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 38.61%.

Analyst Ratings Changes

Several research analysts have recently weighed in on HOMB shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $28.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, October 18th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens reissued an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, 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 report on Friday, January 17th. Three 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, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Moderate Buy” and a consensus 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.