Ameriprise Financial Inc. Reduces Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Ameriprise Financial Inc. trimmed its position 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 and Exchange Commission. The fund owned 184,925 shares of the financial services provider's stock after selling 14,091 shares during the period. Ameriprise Financial Inc. owned about 0.09% of Home Bancshares, Inc. (Conway, AR) worth $5,233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $60,169,000. Boston Partners purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $27,825,000. Fisher Asset Management LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 18.4% during 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 buying an additional 324,664 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Home Bancshares, Inc. (Conway, AR) by 24.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider's stock valued at $36,375,000 after buying an additional 250,703 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $5,656,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Stock Up 2.5%

NYSE:HOMB traded up $0.69 during trading hours on Tuesday, reaching $28.77. The company's stock had a trading volume of 745,453 shares, compared to its average volume of 1,013,998. The company has a market capitalization of $5.68 billion, a P/E ratio of 14.24 and a beta of 0.79. Home Bancshares, Inc. has a 12 month low of $22.42 and a 12 month high of $32.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock has a 50 day moving average price of $27.62 and a two-hundred day moving average price of $28.99.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. The business had revenue of $260.08 million for 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 predict that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal 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. This represents a $0.80 annualized dividend and a yield of 2.78%. The ex-dividend date 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

Several analysts have recently weighed in on HOMB shares. Wall Street Zen raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank of Canada decreased 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 report on Monday, April 21st. Finally, Stephens reissued an "overweight" rating and set a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of Home Bancshares, Inc. (Conway, AR) 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin Hester sold 7,128 shares of the stock in a transaction on Thursday, May 8th. The shares were 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 of the company's stock, valued at approximately $3,581,227.04. This represents a 5.40% decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate 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.