Venturi Wealth Management LLC Makes New Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Venturi Wealth Management LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,489 shares of the financial services provider’s stock, valued at approximately $127,000.

Other hedge funds have also added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $40,000. Blue Trust Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% during the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 528 shares in the last quarter. UMB Bank n.a. grew its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $60,000. Finally, Point72 Hong Kong Ltd purchased a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at approximately $76,000. Institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HOMB shares. 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. Keefe, Bruyette & Woods boosted 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 note on Wednesday, December 4th. Stephens restated an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Hovde Group lowered their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.3 %

NYSE:HOMB opened at $29.45 on Friday. The company has a fifty day moving average of $29.40 and a 200 day moving average of $28.57. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. 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 firm has a market capitalization of $5.86 billion, a P/E ratio of 14.58 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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 net margin of 27.39% and a return on equity of 10.31%. The firm had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be issued a $0.195 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.65%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The shares were purchased at an average cost of $30.76 per share, with a total value of $307,600.00. Following the transaction, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.66% of the company’s stock.

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.