Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBFree Report) by 65.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,612 shares of the financial services provider’s stock after buying an additional 99,216 shares during the period. Rafferty Asset Management LLC owned approximately 0.12% of Home Bancshares, Inc. (Conway, AR) worth $6,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. New York State Common Retirement Fund grew its position in Home Bancshares, Inc. (Conway, AR) by 1.9% in the 3rd quarter. New York State Common Retirement Fund now owns 77,891 shares of the financial services provider’s stock valued at $1,631,000 after buying an additional 1,425 shares during the last quarter. Swiss National Bank increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Swiss National Bank now owns 423,607 shares of the financial services provider’s stock worth $8,870,000 after acquiring an additional 2,400 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,539,777 shares of the financial services provider’s stock worth $32,243,000 after purchasing an additional 43,902 shares in the last quarter. Van ECK Associates Corp lifted its position in Home Bancshares, Inc. (Conway, AR) by 42.8% in the third quarter. Van ECK Associates Corp now owns 34,676 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 10,394 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 10.9% in the 3rd quarter. HighTower Advisors LLC now owns 19,505 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 1,922 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

HOMB opened at $23.21 on Friday. Home Bancshares, Inc. has a 1-year low of $19.61 and a 1-year high of $25.80. The stock has a market cap of $4.65 billion, a P/E ratio of 11.96 and a beta of 1.08. The stock’s 50 day simple moving average is $23.92 and its 200 day simple moving average is $23.86. 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:HOMBGet Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $246.40 million for the quarter, compared to analyst estimates of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. Home Bancshares, Inc. (Conway, AR)’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. As a group, equities analysts anticipate that Home Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 37.11%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HOMB. 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 research note on Tuesday, April 9th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Saturday, June 1st. Finally, Stephens raised their target price on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Hold” and an average target price of $26.00.

View Our Latest Report on HOMB

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

In other news, CFO Brian Davis sold 20,544 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. Insiders have sold 45,606 shares of company stock valued at $1,101,008 over the last quarter. Corporate insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Profile

(Free Report)

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.

Further Reading

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

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