Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC cut its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,901 shares of the financial services provider’s stock after selling 498 shares during the quarter. Personal CFO Solutions LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $365,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Vermont acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $53,000. UMB Bank n.a. boosted its position in shares of 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 worth $57,000 after buying an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $60,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth about $76,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stephens reiterated an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report 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 on the stock in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods boosted 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 research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and an average price target of $32.00.

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

In related news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the acquisition, the chief executive officer now directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.66% of the company’s stock.

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

NYSE:HOMB opened at $28.27 on Tuesday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of 13.99 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 company’s 50-day moving average is $29.51 and its two-hundred day moving average is $28.82. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.90.

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

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.195 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.76%. Home Bancshares, Inc. (Conway, AR)’s 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.