Xponance Inc. Purchases 1,002 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Xponance Inc. raised its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,294 shares of the financial services provider’s stock after purchasing an additional 1,002 shares during the period. Xponance Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $744,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HOMB. Trust Co. of Vermont bought a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $40,000. Parkside Financial Bank & Trust bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $53,000. UMB Bank n.a. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during 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 last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $60,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth approximately $76,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

HOMB stock opened at $28.70 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The firm has a market cap of $5.70 billion, a P/E ratio of 14.21 and a beta of 1.08. The firm’s fifty day moving average is $29.57 and its 200 day moving average is $28.86. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) 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). The company had revenue of $258.40 million for 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%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HOMB shares. Keefe, Bruyette & Woods lifted 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. Stephens reaffirmed 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. Finally, 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 research note 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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

In other news, CEO John W. Allison purchased 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.30% of the company’s stock.

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.