Barclays PLC Raises Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Barclays PLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 510,546 shares of the financial services provider's stock after buying an additional 87,594 shares during the period. Barclays PLC owned about 0.26% of Home Bancshares, Inc. (Conway, AR) worth $14,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $5,656,000. Invesco Ltd. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 36.2% in the fourth quarter. Invesco Ltd. now owns 426,359 shares of the financial services provider's stock valued at $12,066,000 after purchasing an additional 113,371 shares during the last quarter. Bank of Montreal Can increased its position in shares of 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 buying an additional 3,175 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 33.2% during the 4th quarter. Cerity Partners LLC now owns 12,702 shares of the financial services provider's stock worth $358,000 after buying an additional 3,164 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $28,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the business's stock in a transaction on 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 directly owns 4,301 shares of the company's stock, valued at $118,062.45. The trade was a 36.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HOMB. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday. Stephens restated an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday. Royal Bank of Canada lowered their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a report on Monday. Finally, Hovde Group dropped their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.8 %

Shares of HOMB traded down $0.21 on Friday, hitting $27.61. 146,287 shares of the stock traded hands, compared to its average volume of 1,143,254. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.90. The stock's 50 day moving average is $27.82 and its two-hundred day moving average is $28.80. The firm has a market capitalization of $5.48 billion, a P/E ratio of 13.67 and a beta of 0.93. 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. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. As a group, sell-side analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be issued a $0.20 dividend. This is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.80 annualized dividend and a yield of 2.90%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 37.14%.

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.