Invesco Ltd. Boosts Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Invesco Ltd. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 426,359 shares of the financial services provider's stock after buying an additional 113,371 shares during the quarter. Invesco Ltd. owned approximately 0.21% of Home Bancshares, Inc. (Conway, AR) worth $12,066,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HOMB. Vanguard Group Inc. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock valued at $574,263,000 after buying an additional 121,845 shares during the period. Copeland Capital Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 0.6% during the fourth quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider's stock valued at $92,256,000 after purchasing an additional 19,290 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 5.9% during 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 purchasing an additional 120,691 shares during the last quarter. Norges Bank acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $60,169,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during 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 in the last quarter. Institutional investors own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.6 %

HOMB stock traded down $0.17 during trading on Friday, hitting $27.65. The company had a trading volume of 717,437 shares, compared to its average volume of 1,019,743. The stock has a market cap of $5.49 billion, a PE ratio of 13.69 and a beta of 0.93. The business has a 50-day moving average of $27.77 and a 200-day moving average of $28.81. 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 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 issued its earnings results 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 company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Research 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 firm also recently announced 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 represents a $0.80 dividend on an annualized basis and a dividend yield of 2.89%. 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 dividend payout ratio is currently 37.14%.

Analyst Ratings Changes

Several brokerages have commented on HOMB. Stephens reissued an "overweight" rating and set a $33.00 target price 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. Hovde Group cut their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, 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 for the company in a research note on Monday, April 21st. Three research 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

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

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the transaction, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at $118,062.45. This trade represents 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 this link. 6.30% of the stock is owned by insiders.

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.