1,859 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust bought a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,859 shares of the financial services provider’s stock, valued at approximately $53,000.

Several other hedge funds also recently bought and sold shares of the company. Trust Co. of Vermont bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. UMB Bank n.a. grew its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 777 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $60,000. Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $76,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $127,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of research reports. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Hovde Group lowered 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 research report on Friday, January 17th. Stephens reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods increased their target price 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Insider Buying and Selling

In related news, CEO John W. Allison purchased 10,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now directly 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 SEC, which can be accessed through this hyperlink. 7.66% of the stock is currently owned by corporate insiders.

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

NYSE HOMB opened at $30.03 on Tuesday. The firm’s 50 day moving average is $29.48 and its 200-day moving average is $28.74. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.97 billion, a PE ratio of 14.87 and a beta of 1.10. Home Bancshares, Inc. has a 12-month low of $22.38 and a 12-month high of $32.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

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.