Nomura Holdings Inc. Purchases New Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

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

Several other institutional investors and hedge funds also recently bought and sold shares of HOMB. Norges Bank bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $60,169,000. Boston Partners purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $27,825,000. Fisher Asset Management LLC boosted its holdings in 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 purchasing an additional 324,664 shares during the period. JPMorgan Chase & Co. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 24.2% during 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 purchasing an additional 250,703 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $5,656,000. 67.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada lowered their price objective on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Monday, April 21st. Stephens reaffirmed 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. Finally, Wall Street Zen upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

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

In other news, insider Kevin Hester sold 7,128 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred 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 sale, the insider now directly owns 124,912 shares in the company, valued at approximately $3,581,227.04. This trade represents a 5.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction that occurred 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 owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This 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 company insiders.

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

Shares of HOMB stock traded down $0.15 during trading hours on Monday, hitting $28.06. 603,829 shares of the company's stock were exchanged, compared to its average volume of 1,015,076. The company has a market capitalization of $5.54 billion, a PE ratio of 13.89 and a beta of 0.79. 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 12-month low of $22.42 and a 12-month high of $32.91. The business's 50 day simple moving average is $27.63 and its 200-day simple moving average is $29.01.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results 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. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. 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%.

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.