Cibc World Markets Corp Acquires Shares of 17,439 Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Cibc World Markets Corp acquired a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,439 shares of the financial services provider’s stock, valued at approximately $494,000.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HOMB shares. Keefe, Bruyette & Woods raised 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 reissued 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. Finally, Hovde Group cut their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

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

HOMB opened at $28.02 on Friday. The business’s 50 day moving average is $29.55 and its 200-day moving average is $28.84. The stock has a market cap of $5.56 billion, a PE ratio of 13.87 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. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.91.

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

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given 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 2.78%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 38.61%.

Insiders Place Their Bets

In other news, CEO John W. Allison bought 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.30% of the stock is currently owned by 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.