Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 193.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,755 shares of the financial services provider’s stock after purchasing an additional 14,346 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $616,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after purchasing an additional 374 shares during the last quarter. Everhart Financial Group Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% in the 4th quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 409 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in 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 purchasing an additional 481 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 540 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 554 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO John W. Allison purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was 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. The trade was a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HOMB shares. Keefe, Bruyette & Woods lifted 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. Stephens restated an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Hovde Group decreased their price target 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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

Shares of HOMB stock opened at $29.97 on Friday. The stock has a fifty day moving average price of $29.45 and a 200 day moving average price of $28.67. The stock has a market cap of $5.96 billion, a PE ratio of 14.84 and a beta of 1.10. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. Sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.195 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 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.