Tectonic Advisors LLC Has $1.78 Million Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Tectonic Advisors LLC lifted its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 4.5% during the 4th quarter, HoldingsChannel reports. The fund owned 62,714 shares of the financial services provider’s stock after buying an additional 2,711 shares during the period. Tectonic Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 2,609.0% during the third quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after buying an additional 1,253,259 shares in the last quarter. Barclays PLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 65.2% during the third quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock worth $11,458,000 after buying an additional 166,927 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 57.1% during the fourth quarter. Hodges Capital Management Inc. now owns 393,200 shares of the financial services provider’s stock worth $11,127,000 after buying an additional 142,900 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% during 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 buying an additional 134,741 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Home Bancshares, Inc. (Conway, AR) by 14.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider’s stock worth $20,534,000 after buying an additional 94,190 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Ratings Changes

HOMB has been the topic of a number of recent research reports. Hovde Group decreased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada restated a “sector perform” rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. StockNews.com upgraded 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 target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens restated an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Insiders Place Their Bets

In other news, CEO John W. Allison acquired 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, with a total value of $307,600.00. Following the acquisition, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the sale, the chief accounting officer now directly owns 3,468 shares of the company’s stock, valued at $104,664.24. This represents a 36.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.66% of the company’s stock.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $30.50 on Wednesday. The stock has a 50-day simple moving average of $29.57 and a 200 day simple moving average of $28.32. 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 12-month low of $22.38 and a 12-month high of $32.90. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 15.10 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (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 business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that Home Bancshares, Inc. will post 2.18 earnings per share for the current fiscal year.

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

The company 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 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 yield of 2.56%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

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.