Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.1% in the fourth quarter, Holdings Channel reports. The firm owned 312,048 shares of the financial services provider’s stock after buying an additional 15,248 shares during the period. King Luther Capital Management Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $8,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock worth $59,160,000 after acquiring an additional 324,664 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $5,656,000. Barclays PLC grew its position in Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock worth $11,458,000 after purchasing an additional 166,927 shares during the last quarter. Hodges Capital Management Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 57.1% during the 4th quarter. Hodges Capital Management Inc. now owns 393,200 shares of the financial services provider’s stock valued at $11,127,000 after purchasing an additional 142,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after buying an additional 134,741 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the company’s stock in a transaction 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 owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HOMB shares. Hovde Group cut their target price on 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. Keefe, Bruyette & Woods raised their price objective 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 reaffirmed an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently 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 $27.74 on Wednesday. The stock has a market cap of $5.51 billion, a PE ratio of 13.73 and a beta of 1.08. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.90. The business has a 50-day simple moving average of $29.50 and a 200-day simple moving average of $28.81. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data 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). The company had revenue of $258.40 million during the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a yield of 2.81%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

About Home Bancshares, Inc. (Conway, AR)

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.