Nomura Holdings Inc. Invests $693,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Nomura Holdings Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,485 shares of the financial services provider's stock, valued at approximately $693,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $722,000. Charles Schwab Investment Management Inc. lifted its position in 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 buying an additional 120,691 shares during the last quarter. Fisher Asset Management LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after buying an additional 324,664 shares during the last quarter. Amarillo National Bank lifted its position in Home Bancshares, Inc. (Conway, AR) by 137.6% in the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock worth $2,932,000 after buying an additional 60,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock worth $10,714,000 after buying an additional 69,892 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

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 Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the transaction, the chief accounting officer now owns 4,301 shares in the company, valued at $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 is available at the SEC website. Also, insider Kevin Hester sold 7,128 shares of Home Bancshares, Inc. (Conway, AR) 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 in the company, valued at $3,581,227.04. This trade 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) Stock Down 0.5%

Shares of Home Bancshares, Inc. (Conway, AR) stock traded down $0.15 during trading on Friday, hitting $28.06. 603,829 shares of the stock traded hands, compared to its average volume of 1,013,864. 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 stock's fifty day simple moving average is $27.63 and its 200 day simple moving average is $29.02. The firm has a market cap of $5.54 billion, a P/E ratio of 13.89 and a beta of 0.79. 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 released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate 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, equities analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be issued a $0.20 dividend. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 38.10%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HOMB shares. Stephens reiterated an "overweight" rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Wall Street Zen upgraded 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 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

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.