Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stake Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 425,238 shares of the financial services provider's stock after acquiring an additional 42,115 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Home Bancshares, Inc. (Conway, AR) worth $12,034,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOMB. Aster Capital Management DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $28,000. Nomura Asset Management Co. Ltd. increased its position in Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after purchasing an additional 530 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $53,000. Newbridge Financial Services Group Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $60,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $85,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price objective 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. Wall Street Zen upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Stephens reaffirmed an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus 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 the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 124,912 shares in the company, valued at approximately $3,581,227.04. This represents a 5.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $68,625.00. Following the completion of the sale, the chief accounting officer now directly owns 4,301 shares in the company, valued at $118,062.45. This represents a 36.76% 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.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.9%

Shares of HOMB traded up $0.24 during midday trading on Tuesday, reaching $28.36. 332,043 shares of the company were exchanged, compared to its average volume of 1,007,140. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The stock has a 50-day moving average price of $27.62 and a 200-day moving average price of $28.90. 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 $5.60 billion, a price-to-earnings ratio of 14.04 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 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Research analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company 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. The ex-dividend date of this dividend is Wednesday, May 14th. 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 2.82%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.10%.

Home Bancshares, Inc. (Conway, AR) Company 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.