Royce & Associates LP Has $31.66 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Royce & Associates LP lessened its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,118,536 shares of the financial services provider’s stock after selling 16,293 shares during the quarter. Royce & Associates LP’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $31,655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $40,000. Parkside Financial Bank & Trust acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $53,000. UMB Bank n.a. raised its stake 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 valued at $57,000 after purchasing an additional 777 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $60,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $76,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the acquisition, the chief executive officer now 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. 7.66% of the stock is currently owned by corporate insiders.

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

Shares of NYSE HOMB opened at $28.36 on Friday. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 14.04 and a beta of 1.08. The business has a 50-day moving average of $29.50 and a 200-day moving average of $28.82.

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

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 38.61%.

Analyst Upgrades and Downgrades

HOMB has been the topic of several recent research reports. Stephens reissued 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. Keefe, Bruyette & Woods raised their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group decreased their price objective on 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.00.

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.