Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,373,430 shares of the financial services provider’s stock after acquiring an additional 6,755 shares during the period. Home Bancshares, Inc. (Conway, AR) makes up approximately 2.1% of Ranger Investment Management L.P.’s holdings, making the stock its 15th largest holding. Ranger Investment Management L.P. owned about 0.68% of Home Bancshares, Inc. (Conway, AR) worth $34,789,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Home Bancshares, Inc. (Conway, AR) by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock worth $139,240,000 after acquiring an additional 432,091 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,750,210 shares of the financial services provider’s stock valued at $57,589,000 after purchasing an additional 38,568 shares in the last quarter. Norges Bank acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $54,498,000. Charles Schwab Investment Management Inc. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,561,671 shares of the financial services provider’s stock valued at $39,557,000 after purchasing an additional 21,894 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,433.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider’s stock valued at $30,820,000 after purchasing an additional 1,168,716 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

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

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian Davis sold 20,544 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 45,606 shares of company stock valued at $1,101,008. 7.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on HOMB. StockNews.com lowered Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Saturday. Stephens upped their price target on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.00.

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

HOMB traded down $0.23 during trading on Friday, reaching $23.01. 680,217 shares of the company were exchanged, compared to its average volume of 763,251. The stock has a market cap of $4.61 billion, a P/E ratio of 11.86 and a beta of 1.08. The firm has a 50 day moving average of $23.89 and a 200 day moving average of $23.88. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The firm had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same period in the prior year, the business earned $0.54 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.13%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 37.11%.

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.