Fisher Asset Management LLC Grows Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Fisher Asset Management LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 18.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,090,463 shares of the financial services provider’s stock after acquiring an additional 324,664 shares during the quarter. Fisher Asset Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $59,160,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its stake in Home Bancshares, Inc. (Conway, AR) by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 1,460 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 115.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider’s stock valued at $1,884,000 after buying an additional 37,266 shares during the period. Van ECK Associates Corp lifted its stake in Home Bancshares, Inc. (Conway, AR) by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider’s stock worth $2,763,000 after acquiring an additional 29,171 shares in the last quarter. Atria Investments Inc acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth about $215,000. Finally, Los Angeles Capital Management LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 139.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,812 shares of the financial services provider’s stock valued at $862,000 after acquiring an additional 18,530 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

In related news, CEO John W. Allison bought 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HOMB. Keefe, Bruyette & Woods increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Stephens reissued an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Hovde Group cut their price objective on 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 2.1 %

Shares of NYSE:HOMB opened at $29.97 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.90. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 14.84 and a beta of 1.10. The firm’s 50 day moving average price is $29.45 and its 200 day moving average price is $28.67.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data 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). The firm had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.195 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.60%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

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.