Bahl & Gaynor Inc. Lowers Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Bahl & Gaynor Inc. cut its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 932,599 shares of the financial services provider’s stock after selling 59,425 shares during the period. Bahl & Gaynor Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $26,393,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HOMB. Fisher Asset Management LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock worth $59,160,000 after acquiring an additional 324,664 shares during the last quarter. Barclays PLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after acquiring an additional 166,927 shares during the last quarter. Hodges Capital Management Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 57.1% in the 4th quarter. Hodges Capital Management Inc. now owns 393,200 shares of the financial services provider’s stock worth $11,127,000 after acquiring an additional 142,900 shares during the period. Charles Schwab Investment Management Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after acquiring an additional 134,741 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 14.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider’s stock worth $20,534,000 after acquiring an additional 94,190 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HOMB has been the topic of a number of recent analyst reports. StockNews.com raised 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 set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Keefe, Bruyette & Woods upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group reduced their target price on 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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

NYSE:HOMB opened at $30.03 on Tuesday. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The firm’s 50-day simple moving average is $29.48 and its 200 day simple moving average is $28.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of 14.87 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results 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). 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 the consensus estimate of $256.67 million. During the same period in the prior year, the business earned $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be paid a $0.195 dividend. 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 payout ratio 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 completion of the purchase, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.