Ameriprise Financial Inc. Has $5.23 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Ameriprise Financial Inc. cut its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,925 shares of the financial services provider's stock after selling 14,091 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.09% of Home Bancshares, Inc. (Conway, AR) worth $5,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HOMB. Proficio Capital Partners LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $722,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after acquiring an additional 120,691 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after acquiring an additional 324,664 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 22.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock valued at $10,714,000 after acquiring an additional 69,892 shares during the last quarter. Finally, Amarillo National Bank increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% in the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after acquiring an additional 60,000 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

HOMB traded up $0.16 during trading on Thursday, reaching $28.45. 505,631 shares of the company were exchanged, compared to its average volume of 1,011,647. The stock has a market cap of $5.62 billion, a P/E ratio of 14.08 and a beta of 0.79. The firm has a 50 day moving average of $27.63 and a 200 day moving average of $28.97. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. 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 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%. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal 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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. 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 payout ratio is 38.10%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, insider Kevin Hester sold 7,128 shares of the company'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 completion of the sale, the insider now owns 124,912 shares in the company, valued at $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the completion of the sale, the chief accounting officer now owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This trade represents a 36.76% decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.

Home Bancshares, Inc. (Conway, AR) 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.