Janney Montgomery Scott LLC Grows Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Janney Montgomery Scott LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Rating) by 18.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,721 shares of the financial services provider’s stock after purchasing an additional 7,523 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,074,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its holdings in Home Bancshares, Inc. (Conway, AR) by 10.1% in the second quarter. Oregon Public Employees Retirement Fund now owns 53,310 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 4,900 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 9.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 15,474 shares of the financial services provider’s stock valued at $321,000 after buying an additional 1,357 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 26.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 31,667 shares of the financial services provider’s stock valued at $658,000 after buying an additional 6,654 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 2.6% during the second quarter. Los Angeles Capital Management LLC now owns 54,950 shares of the financial services provider’s stock valued at $1,141,000 after buying an additional 1,380 shares in the last quarter. Finally, Texas Permanent School Fund lifted its position in Home Bancshares, Inc. (Conway, AR) by 28.1% during the second quarter. Texas Permanent School Fund now owns 136,741 shares of the financial services provider’s stock valued at $2,840,000 after buying an additional 29,970 shares in the last quarter. 59.78% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.3 %

NYSE HOMB opened at $23.12 on Wednesday. The company’s fifty day simple moving average is $23.82 and its 200-day simple moving average is $23.65. Home Bancshares, Inc. has a 52 week low of $19.83 and a 52 week high of $26.20. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.24. The stock has a market cap of $4.72 billion, a P/E ratio of 15.84 and a beta of 1.17.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Rating) last posted its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $256.31 million for the quarter, compared to analysts’ expectations of $257.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.01% and a return on equity of 11.03%. Equities research analysts predict that Home Bancshares, Inc. will post 1.92 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 7th. Investors of record on Wednesday, November 16th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, November 15th. This represents a $0.66 annualized dividend and a yield of 2.85%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 45.21%.

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

In related news, Director Richard H. Ashley sold 115,348 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $25.10, for a total value of $2,895,234.80. Following the sale, the director now directly owns 35,712 shares of the company’s stock, valued at $896,371.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 6,784 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $25.37, for a total transaction of $172,110.08. Following the completion of the sale, the chief financial officer now owns 71,659 shares in the company, valued at $1,817,988.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard H. Ashley sold 115,348 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $25.10, for a total transaction of $2,895,234.80. Following the sale, the director now owns 35,712 shares of the company’s stock, valued at approximately $896,371.20. The disclosure for this sale can be found here. Insiders have sold 145,807 shares of company stock valued at $3,670,979 over the last ninety days. Corporate insiders own 9.11% of the company’s stock.

Analyst Ratings Changes

HOMB has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods cut shares of Home Bancshares, Inc. (Conway, AR) from an “outperform” rating to a “market perform” rating and set a $28.00 target price on the stock. in a research report on Monday, December 12th.

About Home Bancshares, Inc. (Conway, AR)

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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.

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Institutional Ownership by Quarter for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

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