EntryPoint Capital LLC Invests $211,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

EntryPoint Capital LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,460 shares of the financial services provider’s stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $53,000. UMB Bank n.a. grew 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. purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $60,000. Finally, Point72 Hong Kong Ltd acquired a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter worth $76,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

In other news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.30% of the company’s stock.

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

HOMB opened at $28.14 on Friday. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.91. The firm has a market capitalization of $5.59 billion, a PE ratio of 13.93 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $29.50 and its 200 day moving average price is $28.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share 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 company had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HOMB. Stephens reiterated an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group reduced their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of “Moderate Buy” and a consensus target price 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.