Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,770 shares of the financial services provider's stock after acquiring an additional 29,718 shares during the period. Wells Fargo & Company MN owned about 0.09% of Home Bancshares, Inc. (Conway, AR) worth $4,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in Home Bancshares, Inc. (Conway, AR) by 519.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,996 shares of the financial services provider's stock valued at $190,000 after purchasing an additional 5,867 shares in the last quarter. Barclays PLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 65.2% in the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock valued at $11,458,000 after buying an additional 166,927 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $254,000. Central Pacific Bank Trust Division lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 13.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider's stock worth $188,000 after acquiring an additional 780 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock valued at $1,979,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Insider Buying and Selling

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 4,301 shares in the company, valued at $118,062.45. This represents a 36.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.30% of the company's stock.

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

NYSE HOMB traded down $0.29 during trading hours on Friday, hitting $27.53. The company had a trading volume of 131,232 shares, compared to its average volume of 1,016,650. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.47 billion, a P/E ratio of 13.63 and a beta of 0.93. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91. The business has a fifty day simple moving average of $27.82 and a 200-day simple moving average of $28.80.

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, topping analysts' consensus estimates of $0.54 by $0.02. The business had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Equities analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.20 per share. The ex-dividend date 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 2.91%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 37.14%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HOMB shares. Hovde Group cut their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. 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. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Royal Bank of Canada cut 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 note on Monday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

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.