Summit Investment Advisors Inc. Trims Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Summit Investment Advisors Inc. lessened its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,525 shares of the financial services provider’s stock after selling 665 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,600,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. Nomura Asset Management Co. Ltd. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 530 shares during the period. Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $53,000. Finally, UMB Bank n.a. lifted its position 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 purchasing an additional 777 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In related news, CEO John W. Allison purchased 10,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HOMB shares. Hovde Group cut their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. Stephens reiterated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.00.

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

NYSE:HOMB opened at $26.10 on Wednesday. The stock has a market capitalization of $5.18 billion, a PE ratio of 12.92 and a beta of 0.93. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91. 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 50-day moving average price is $28.33 and its 200-day moving average price is $28.79.

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 the consensus estimate 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 business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same period in the previous 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. As a group, equities analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

About Home Bancshares, Inc. (Conway, AR)

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.