Cerity Partners LLC Purchases 3,164 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Cerity Partners LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 33.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,702 shares of the financial services provider’s stock after purchasing an additional 3,164 shares during the period. Cerity Partners LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $358,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 65.2% in the third quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after purchasing an additional 166,927 shares in the last quarter. Franklin Resources Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at about $254,000. Central Pacific Bank Trust Division lifted its stake in Home Bancshares, Inc. (Conway, AR) by 13.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 780 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after buying an additional 374 shares during the period. Finally, Trust Co. of Vermont bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

NYSE HOMB opened at $27.20 on Wednesday. Home Bancshares, Inc. has a 12-month low of $22.42 and a 12-month high of $32.91. The firm’s fifty day simple moving average is $27.91 and its two-hundred day simple moving average is $28.79. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.40 billion, a P/E ratio of 13.47 and a beta of 0.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HOMB shares. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Friday, April 18th. Hovde Group lowered their target price 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 note on Friday, January 17th. Royal Bank of Canada cut their target price on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Stephens restated an “overweight” rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.40.

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.