MetLife Investment Management LLC Has $6.01 Million Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

MetLife Investment Management LLC increased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 212,293 shares of the financial services provider's stock after purchasing an additional 10,903 shares during the quarter. MetLife Investment Management LLC owned approximately 0.11% of Home Bancshares, Inc. (Conway, AR) worth $6,008,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $28,000. Trust Co. of Vermont bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $40,000. Nomura Asset Management Co. Ltd. raised its stake 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 acquiring an additional 530 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $53,000. Finally, UMB Bank n.a. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 777 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

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

Shares of HOMB traded down $0.15 during mid-day trading on Tuesday, hitting $27.75. 146,345 shares of the company traded hands, compared to its average volume of 1,016,715. 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 stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 13.75 and a beta of 0.93. The business has a 50-day moving average of $27.73 and a 200 day moving average of $28.85. 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 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. The firm 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%. As a group, equities analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.88%. 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. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.10%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, 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 owns 4,301 shares in the company, valued at approximately $118,062.45. The trade was a 36.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.30% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HOMB. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada reduced their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a report on Monday, April 21st. Hovde Group dropped their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Finally, Stephens reissued 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) 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.