Ranger Investment Management L.P. Has $34.79 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Ranger Investment Management L.P. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,373,430 shares of the financial services provider’s stock after buying an additional 6,755 shares during the quarter. Home Bancshares, Inc. (Conway, AR) accounts for approximately 2.1% of Ranger Investment Management L.P.’s holdings, making the stock its 15th biggest holding. Ranger Investment Management L.P.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $34,789,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in Home Bancshares, Inc. (Conway, AR) by 189.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 677 shares during the period. Strs Ohio grew its stake in Home Bancshares, Inc. (Conway, AR) by 4.5% in the fourth quarter. Strs Ohio now owns 18,700 shares of the financial services provider’s stock valued at $473,000 after acquiring an additional 800 shares during the period. M&T Bank Corp grew its stake in Home Bancshares, Inc. (Conway, AR) by 6.6% in the fourth quarter. M&T Bank Corp now owns 13,185 shares of the financial services provider’s stock valued at $334,000 after acquiring an additional 822 shares during the period. SRS Capital Advisors Inc. grew its stake in Home Bancshares, Inc. (Conway, AR) by 325.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,310 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $35,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In related news, Director Donna Townsell sold 22,729 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the completion of the transaction, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Brian Davis sold 20,544 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the sale, the chief financial officer now directly owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the sale, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,606 shares of company stock valued at $1,101,008. Insiders own 7.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HOMB. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Saturday. Stephens upped their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $26.00.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.0 %

Shares of HOMB stock traded down $0.23 on Friday, hitting $23.01. 680,217 shares of the stock were exchanged, compared to its average volume of 763,251. The business has a 50-day moving average of $23.89 and a 200 day moving average of $23.88. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $25.80. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $4.61 billion, a P/E ratio of 11.86 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The firm had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts anticipate that Home Bancshares, Inc. will post 1.97 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were given a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 3.13%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 37.11%.

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.