Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 107.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,024 shares of the financial services provider’s stock after buying an additional 9,855 shares during the period. Tower Research Capital LLC TRC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider’s stock valued at $574,263,000 after buying an additional 121,845 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Home Bancshares, Inc. (Conway, AR) by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider’s stock valued at $192,211,000 after buying an additional 124,891 shares during the last quarter. Copeland Capital Management LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 0.6% in the fourth quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider’s stock valued at $92,256,000 after buying an additional 19,290 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Home Bancshares, Inc. (Conway, AR) by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock valued at $61,322,000 after buying an additional 120,691 shares during the last quarter. Finally, Norges Bank purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $60,169,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the sale, the chief accounting officer now owns 4,301 shares of the company’s stock, valued at approximately $118,062.45. This represents a 36.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HOMB shares. Hovde Group dropped their target price 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. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Stephens reaffirmed an “overweight” rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Finally, Royal Bank of Canada cut their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a “sector perform” rating for the company in a report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has a consensus rating of “Moderate Buy” and a consensus price target of $32.40.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.8 %

HOMB stock opened at $27.91 on Tuesday. The stock has a market capitalization of $5.54 billion, a P/E ratio of 13.82 and a beta of 0.93. The firm has a 50-day simple moving average of $27.73 and a 200-day simple moving average of $28.85. 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 52 week low of $22.42 and a 52 week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The business 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%. Equities analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.87%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)’s payout ratio is currently 38.10%.

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.