Advantage Alpha Capital Partners LP Has $602,000 Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Advantage Alpha Capital Partners LP raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 12.7% during the 4th quarter, HoldingsChannel reports. The fund owned 21,267 shares of the financial services provider’s stock after purchasing an additional 2,391 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $602,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $40,000. Parkside Financial Bank & Trust acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $53,000. UMB Bank n.a. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $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) during the 4th quarter worth about $60,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at about $76,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Buying and Selling

In related news, CEO John W. Allison purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, for a total transaction 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 approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is currently owned by insiders.

Home Bancshares, Inc. (Conway, AR) Trading Up 2.5 %

NYSE:HOMB opened at $28.70 on Tuesday. The company’s 50 day moving average is $29.57 and its 200-day moving average is $28.86. 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 $32.91. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 14.21 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released 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). The firm had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Equities analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.72%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HOMB. Keefe, Bruyette & Woods raised their price objective 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 report on Wednesday, December 4th. Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Hovde Group reduced 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 research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.