Proficio Capital Partners LLC Invests $722,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Proficio Capital Partners LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,526 shares of the financial services provider’s stock, valued at approximately $722,000.

Several other hedge funds have also recently made changes to their positions in the business. Trust Co. of Vermont acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $40,000. UMB Bank n.a. grew its position in Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after buying an additional 777 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $60,000. Point72 Hong Kong Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at approximately $76,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $127,000. 67.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on HOMB. 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 research report on Friday, January 17th. Keefe, Bruyette & Woods upped their target price 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. Finally, 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.66% of the stock is owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.7 %

Shares of HOMB opened at $28.92 on Friday. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The firm’s 50-day moving average price is $29.51 and its 200-day moving average price is $28.79. 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 has a market capitalization of $5.74 billion, a price-to-earnings ratio of 14.31 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $256.67 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.70%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

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.