Deutsche Bank AG Increases Position in 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% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 0.08% of Home Bancshares, Inc. (Conway, AR) worth $4,477,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Everhart Financial Group Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% in the 4th quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock valued at $568,000 after purchasing an additional 409 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 48.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 530 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock valued at $783,000 after acquiring an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Home Bancshares, Inc. (Conway, AR) by 2.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock valued at $894,000 after acquiring an additional 748 shares in the last quarter. Finally, United Services Automobile Association increased its holdings in Home Bancshares, Inc. (Conway, AR) by 6.6% during the 4th quarter. United Services Automobile Association now owns 12,523 shares of the financial services provider's stock valued at $354,000 after acquiring an additional 774 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HOMB. Stephens restated an "overweight" rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Royal Bank of Canada dropped their target price 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. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Three 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.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Moderate Buy" and an average target price of $32.40.

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

Shares of HOMB stock opened at $29.20 on Tuesday. The company's fifty day simple moving average is $27.62 and its 200-day simple moving average is $29.01. Home Bancshares, Inc. has a 52 week low of $22.42 and a 52 week high of $32.91. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.77 billion, a PE ratio of 14.46 and a beta of 0.79.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released 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 business had revenue of $260.08 million during the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. As a group, equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.74%. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.10%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of the firm'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 transaction, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at $118,062.45. This trade represents a 36.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was 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 represents a 5.40% 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.

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.

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