Lee Danner & Bass Inc. Buys Shares of 2,990 Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Lee Danner & Bass Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,990 shares of the financial services provider’s stock, valued at approximately $85,000.

Other large investors have also made changes to their positions in the company. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $53,000. UMB Bank n.a. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $60,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter valued at approximately $76,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HOMB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens reiterated an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Hovde Group lowered their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.3 %

NYSE:HOMB opened at $28.02 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. The stock’s fifty day moving average is $29.55 and its two-hundred day moving average is $28.84. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 13.87 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 38.61%.

Insiders Place Their Bets

In related news, CEO John W. Allison acquired 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is owned by insiders.

Home Bancshares, Inc. (Conway, AR) 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.