Lee Danner & Bass Inc. Purchases Shares of 2,990 Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Lee Danner & Bass Inc. purchased a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,990 shares of the financial services provider’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HOMB. Trust Co. of Vermont acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $40,000. Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $53,000. UMB Bank n.a. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 777 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $60,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $76,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were bought 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 owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on HOMB. Stephens reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report 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 stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group dropped their price objective on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

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

NYSE HOMB opened at $28.02 on Friday. 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. has a 52-week low of $22.38 and a 52-week high of $32.91. The business’s 50-day moving average price is $29.55 and its 200 day moving average price is $28.84. The firm has a market cap of $5.56 billion, a P/E ratio of 13.87 and a beta of 1.08.

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 (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 company had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. During the same period in the prior year, the business earned $0.43 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm 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. This represents a $0.78 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 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.