BNP Paribas Financial Markets Lowers Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

BNP Paribas Financial Markets cut its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 52.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,879 shares of the financial services provider's stock after selling 44,243 shares during the quarter. BNP Paribas Financial Markets' holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock worth $574,263,000 after purchasing an additional 121,845 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $192,211,000 after acquiring an additional 124,891 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of 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 worth $92,256,000 after acquiring an additional 19,290 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 worth $61,322,000 after acquiring an additional 120,691 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $60,169,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

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

Home Bancshares, Inc. (Conway, AR) Trading Down 0.5%

Shares of HOMB stock traded down $0.15 during trading hours on Friday, reaching $28.06. 603,829 shares of the stock traded hands, compared to its average volume of 1,015,076. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.54 billion, a PE ratio of 13.89 and a beta of 0.79. The business has a fifty day moving average price of $27.63 and a 200 day moving average price of $29.01.

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, beating 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 net margin of 27.39% and a return on equity of 10.31%. On average, equities research analysts forecast 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 $0.20 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stephens reissued an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Wall Street Zen upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada cut their price target on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

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.