Compass Ion Advisors LLC Invests $202,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Compass Ion Advisors LLC 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 7,125 shares of the financial services provider’s stock, valued at approximately $202,000.

Other large investors also recently made changes to their positions in the company. Xponance Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 4.0% during the 4th quarter. Xponance Inc. now owns 26,294 shares of the financial services provider’s stock valued at $744,000 after buying an additional 1,002 shares during the last quarter. Boston Partners bought a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $27,825,000. Intech Investment Management LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) by 98.0% in the fourth quarter. Intech Investment Management LLC now owns 67,634 shares of the financial services provider’s stock valued at $1,914,000 after acquiring an additional 33,474 shares during the last quarter. Cibc World Markets Corp bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth approximately $494,000. Finally, Swiss National Bank increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the 4th quarter. Swiss National Bank now owns 373,107 shares of the financial services provider’s stock worth $10,559,000 after purchasing an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HOMB shares. 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 report on Friday, January 17th. Keefe, Bruyette & Woods upped their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens restated an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.9 %

Shares of NYSE:HOMB opened at $28.63 on Thursday. 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 stock’s 50-day moving average is $29.53 and its 200-day moving average is $28.83. The company has a market cap of $5.68 billion, a P/E ratio of 14.17 and a beta of 1.08. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.91.

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). 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 analyst estimates of $256.67 million. During the same period last year, the business earned $0.43 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 38.61%.

Insider Activity

In other news, CEO John W. Allison purchased 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. 7.66% of the stock is owned by company insiders.

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.