Bahl & Gaynor Inc. Cuts Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Bahl & Gaynor Inc. trimmed its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 932,599 shares of the financial services provider’s stock after selling 59,425 shares during the period. Bahl & Gaynor Inc. owned approximately 0.47% of Home Bancshares, Inc. (Conway, AR) worth $26,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State of Alaska Department of Revenue increased its holdings in Home Bancshares, Inc. (Conway, AR) by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 1,460 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 115.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider’s stock worth $1,884,000 after purchasing an additional 37,266 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider’s stock valued at $2,763,000 after purchasing an additional 29,171 shares during the period. Atria Investments Inc purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth approximately $215,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 139.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 31,812 shares of the financial services provider’s stock valued at $862,000 after purchasing an additional 18,530 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

In other news, CEO John W. Allison bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 approximately $175,122,278.32. This represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HOMB shares. Hovde Group reduced their price target on 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 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Keefe, Bruyette & Woods lifted their price target on shares of 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, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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

Shares of HOMB stock opened at $30.03 on Tuesday. 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 $32.90. The firm has a 50 day moving average of $29.48 and a 200-day moving average of $28.74. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 14.87 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued 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 net margin of 27.39% and a return on equity of 10.31%. The firm 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 company earned $0.43 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

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