Deutsche Bank AG Purchases 49,140 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Deutsche Bank AG increased its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 45.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 158,189 shares of the financial services provider's stock after purchasing an additional 49,140 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Home Bancshares, Inc. (Conway, AR) worth $4,477,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $28,000. Trust Co. of Vermont purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $40,000. Nomura Asset Management Co. Ltd. increased its stake in Home Bancshares, Inc. (Conway, AR) by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after buying an additional 530 shares in the last quarter. Parkside Financial Bank & Trust purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $53,000. Finally, UMB Bank n.a. increased its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after buying an additional 777 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock traded down $0.15 during trading on Friday, reaching $28.06. 603,829 shares of the stock traded hands, compared to its average volume of 1,015,076. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 13.89 and a beta of 0.79. The business has a fifty day simple moving average of $27.63 and a two-hundred day simple moving average of $29.01. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. 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 - Get Free Report) last issued its quarterly earnings data 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 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%. Sell-side analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.20 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 2.85%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.10%.

Insider Activity

In related news, insider Kevin Hester sold 7,128 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.67, for a total value of $204,359.76. Following the completion of the transaction, the insider now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the 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 transaction, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at approximately $118,062.45. The trade was a 36.76% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

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

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.