Goldman Sachs Group Inc. Buys 203,566 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Goldman Sachs Group Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 10.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,106,693 shares of the financial services provider’s stock after acquiring an additional 203,566 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $53,363,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 189.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock worth $26,000 after buying an additional 677 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $35,000. TFO Wealth Partners LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 14,809.1% during the 4th quarter. TFO Wealth Partners LLC now owns 1,640 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 1,629 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 325.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,310 shares in the last quarter. Finally, MCF Advisors LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $98,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

Shares of HOMB opened at $23.11 on Wednesday. The business has a 50-day moving average of $23.75 and a 200-day moving average of $23.93. Home Bancshares, Inc. has a 1 year low of $19.61 and a 1 year high of $25.80. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 11.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $246.40 million during the quarter, compared to analyst estimates of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. As a group, equities research analysts anticipate that Home Bancshares, Inc. will post 1.97 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HOMB. Stephens boosted their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.00.

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

In other news, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Donna Townsell sold 22,729 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at $24,530. The disclosure for this sale can be found here. Insiders have sold a total of 45,606 shares of company stock worth $1,101,008 over the last quarter. Company insiders own 7.66% of the company’s stock.

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.