Barr E S & Co. Has $67.92 Million Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Barr E S & Co. reduced its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,400,098 shares of the financial services provider’s stock after selling 140,915 shares during the period. Home Bancshares, Inc. (Conway, AR) accounts for approximately 4.0% of Barr E S & Co.’s investment portfolio, making the stock its 9th largest holding. Barr E S & Co.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $67,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOMB. Raymond James Financial Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $5,656,000. Invesco Ltd. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 36.2% in the 4th quarter. Invesco Ltd. now owns 426,359 shares of the financial services provider’s stock valued at $12,066,000 after acquiring an additional 113,371 shares during the period. Bank of Montreal Can boosted its stake in Home Bancshares, Inc. (Conway, AR) by 17.9% during the 4th quarter. Bank of Montreal Can now owns 20,913 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 3,175 shares during the last quarter. Cerity Partners LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 33.2% during the fourth quarter. Cerity Partners LLC now owns 12,702 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 3,164 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $28,000. Institutional investors own 67.31% of the company’s stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value 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 $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.30% of the company’s stock.

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

NYSE:HOMB opened at $25.21 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock’s 50-day simple moving average is $28.53 and its 200 day simple moving average is $28.80. The company has a market cap of $5.01 billion, a P/E ratio of 12.48 and a beta of 0.93. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its 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). The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. As a group, sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Analyst Ratings Changes

HOMB has been the topic of several research analyst reports. StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday. Hovde Group cut 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. Finally, Stephens reissued an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.00.

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.