HighTower Advisors LLC Has $536,000 Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

HighTower Advisors LLC lowered its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 5.4% in the fourth quarter, HoldingsChannel reports. The fund owned 18,951 shares of the financial services provider’s stock after selling 1,079 shares during the period. HighTower Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $536,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Trust Co. of Vermont bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $53,000. UMB Bank n.a. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 777 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $60,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter valued at about $76,000. Institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HOMB shares. 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 research report on Friday, January 17th. Stephens reiterated 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Moderate Buy” and an average price target of $32.00.

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

Shares of NYSE HOMB opened at $28.14 on Friday. The firm’s 50-day moving average price is $29.50 and its 200-day moving average price is $28.89. The firm has a market capitalization of $5.59 billion, a P/E ratio of 13.93 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the prior year, the company earned $0.43 EPS. The company’s revenue was up 5.2% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were acquired 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 directly owns 5,693,182 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is owned by insiders.

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.