Jones Financial Companies Lllp Grows Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Jones Financial Companies Lllp increased its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 91.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,489 shares of the financial services provider’s stock after buying an additional 1,666 shares during the period. Jones Financial Companies Lllp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $99,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HOMB. Atria Investments Inc acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $215,000. Aigen Investment Management LP acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $215,000. Victory Capital Management Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 5.4% in the 3rd quarter. Victory Capital Management Inc. now owns 277,485 shares of the financial services provider’s stock valued at $7,517,000 after purchasing an additional 14,305 shares during the last quarter. Natixis Advisors LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 4.6% in the 3rd quarter. Natixis Advisors LLC now owns 160,438 shares of the financial services provider’s stock valued at $4,347,000 after purchasing an additional 7,079 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after acquiring an additional 481 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.7 %

NYSE HOMB opened at $28.36 on Monday. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.91. The company’s 50 day moving average price is $29.50 and its 200 day moving average price is $28.82. 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 capitalization of $5.63 billion, a price-to-earnings ratio of 14.04 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. During the same quarter in the previous year, the business posted $0.43 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued 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 2.75%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

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

In other news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stephens reiterated 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. Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. Finally, Hovde Group cut their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.