Algert Global LLC Buys 17,270 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Algert Global LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,085 shares of the financial services provider's stock after acquiring an additional 17,270 shares during the period. Algert Global LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,804,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HOMB. Norges Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $60,169,000. Boston Partners purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $27,825,000. Fisher Asset Management LLC grew its position in shares of 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 worth $59,160,000 after buying an additional 324,664 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 24.2% during the fourth 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 Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $5,656,000. 67.31% of the stock is currently owned by institutional investors.

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

NYSE:HOMB traded down $0.14 during mid-day trading on Friday, hitting $28.57. 484,979 shares of the company traded hands, compared to its average volume of 1,015,325. 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 stock's fifty day moving average price is $27.51 and its 200-day moving average price is $28.92. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 14.14 and a beta of 0.79. Home Bancshares, Inc. has a one year low of $22.42 and a one year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data 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. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The company had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. Research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal 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 paid a $0.20 dividend. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.10%.

Insider Buying and Selling

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total transaction 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 trade represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HOMB shares. Stephens restated an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. 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 for the company in a report on Monday, April 21st. Finally, Hovde Group dropped 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently 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.