Parkside Financial Bank & Trust Buys New Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,859 shares of the financial services provider’s stock, valued at approximately $53,000.

A number of other institutional investors have also recently bought and sold shares of the business. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $40,000. UMB Bank n.a. raised its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 777 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $60,000. Point72 Hong Kong Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter worth $76,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $127,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $30.03 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 14.87 and a beta of 1.10. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The company has a 50-day simple moving average of $29.48 and a two-hundred day simple moving average of $28.74.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released 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 business had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Insider Activity

In related news, CEO John W. Allison purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired 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 trade represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on HOMB shares. Stephens restated an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Hovde Group lowered 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 research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.