Amarillo National Bank Has $2.93 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Amarillo National Bank increased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 137.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,620 shares of the financial services provider’s stock after buying an additional 60,000 shares during the period. Home Bancshares, Inc. (Conway, AR) accounts for approximately 0.5% of Amarillo National Bank’s investment portfolio, making the stock its 27th biggest holding. Amarillo National Bank owned about 0.05% of Home Bancshares, Inc. (Conway, AR) worth $2,932,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock worth $120,983,000 after purchasing an additional 60,588 shares during the last quarter. Copeland Capital Management LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider’s stock valued at $92,256,000 after buying an additional 19,290 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% in the 3rd 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 buying an additional 134,741 shares in the last quarter. Fisher Asset Management LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 1,765,799 shares of the financial services provider’s stock valued at $47,835,000 after buying an additional 47,259 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock valued at $352,520,000 after buying an additional 1,253,259 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on HOMB. Stephens reiterated an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price objective on shares of 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. Hovde Group reduced 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 note on Friday, January 17th. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was 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 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Pat Hickman sold 63,997 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares of the company’s stock, valued at $5,400,135. The trade was a 26.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

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

Shares of HOMB opened at $29.97 on Friday. The company has a market capitalization of $5.96 billion, a P/E ratio of 14.83 and a beta of 1.10. 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 firm has a 50 day moving average of $29.46 and a 200 day moving average of $28.46. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve 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 for the quarter, missing the consensus estimate 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 analysts’ expectations of $256.67 million. During the same quarter in the prior year, the business earned $0.43 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

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.