Farringdon Capital Ltd. Makes New Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Farringdon Capital Ltd. bought a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,662 shares of the financial services provider’s stock, valued at approximately $387,000.

Other institutional investors have also modified their holdings of the company. Ontario Teachers Pension Plan Board acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $207,000. Barclays PLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 20.7% in the fourth quarter. Barclays PLC now owns 510,546 shares of the financial services provider’s stock valued at $14,449,000 after acquiring an additional 87,594 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $5,656,000. Invesco Ltd. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 36.2% during the fourth quarter. Invesco Ltd. now owns 426,359 shares of the financial services provider’s stock worth $12,066,000 after purchasing an additional 113,371 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in Home Bancshares, Inc. (Conway, AR) by 17.9% in the fourth quarter. Bank of Montreal Can now owns 20,913 shares of the financial services provider’s stock valued at $592,000 after purchasing an additional 3,175 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insiders Place Their Bets

In other 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, with a total value of $307,600.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HOMB shares. Hovde Group cut 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 research note on Friday, January 17th. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Finally, Stephens restated an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.6 %

Home Bancshares, Inc. (Conway, AR) stock opened at $26.40 on Friday. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 13.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91. The stock’s fifty day moving average is $28.15 and its two-hundred day moving average is $28.77.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $260.08 million during the quarter, compared to analysts’ expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 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.