KLP Kapitalforvaltning AS Buys New Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

KLP Kapitalforvaltning AS purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 39,500 shares of the financial services provider’s stock, valued at approximately $1,118,000.

Other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $722,000. Charles Schwab Investment Management Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock worth $61,322,000 after buying an additional 120,691 shares during the period. Fisher Asset Management LLC increased its position in Home Bancshares, Inc. (Conway, AR) by 18.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock valued at $59,160,000 after acquiring an additional 324,664 shares during the last quarter. Point72 Asset Management L.P. increased its position in Home Bancshares, Inc. (Conway, AR) by 277.2% during the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 17,563 shares during the last quarter. Finally, Amarillo National Bank raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% in the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider’s stock valued at $2,932,000 after acquiring an additional 60,000 shares during the period. Institutional investors own 67.31% of the company’s stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the business’s 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 completion of the acquisition, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HOMB has been the subject of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Hovde Group decreased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Keefe, Bruyette & Woods upped their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.5 %

Shares of HOMB opened at $28.14 on Monday. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 13.93 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.91. The company has a 50-day moving average of $29.50 and a 200 day moving average of $28.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly 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 net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. During the same period in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.77%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Home Bancshares, Inc. (Conway, AR) Company 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.