Bank of America Corp DE Reduces Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Bank of America Corp DE reduced its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 474,701 shares of the financial services provider's stock after selling 157,317 shares during the period. Bank of America Corp DE owned approximately 0.24% of Home Bancshares, Inc. (Conway, AR) worth $13,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $60,169,000. Boston Partners purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $27,825,000. Fisher Asset Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after purchasing an additional 324,664 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 24.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider's stock valued at $36,375,000 after purchasing an additional 250,703 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $5,656,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

NYSE:HOMB opened at $28.20 on Thursday. Home Bancshares, Inc. has a 52 week low of $22.42 and a 52 week high of $32.91. The stock's fifty day moving average is $27.64 and its two-hundred day moving average is $29.01. The company has a market capitalization of $5.57 billion, a P/E ratio of 13.96 and a beta of 0.79. 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 data 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 firm had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Equities analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 38.10%.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of recent research reports. Royal Bank of Canada cut their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a research note on Monday, April 21st. 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, April 21st. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

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

In related news, insider Kevin Hester sold 7,128 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the sale, the insider now owns 124,912 shares in the company, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the transaction, the chief accounting officer now owns 4,301 shares of the company's stock, valued at $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.30% of the company's stock.

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.

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