Boston Partners Makes New $27.83 Million Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Boston Partners acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 976,217 shares of the financial services provider’s stock, valued at approximately $27,825,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $40,000. Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $53,000. UMB Bank n.a. grew its position in Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th 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 in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $60,000. Finally, Point72 Hong Kong Ltd purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth approximately $76,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on HOMB shares. Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group lowered their price target on shares of 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, Keefe, Bruyette & Woods boosted 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, for a total transaction 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 approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.66% of the stock is currently owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.9 %

Home Bancshares, Inc. (Conway, AR) stock opened at $28.63 on Thursday. The stock has a market cap of $5.68 billion, a P/E ratio of 14.17 and a beta of 1.08. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.91. The company’s fifty day simple moving average is $29.53 and its 200-day simple moving average is $28.83. 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. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data 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). The business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors 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 2.72%. The ex-dividend date 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.