Tower Research Capital LLC TRC Has $538,000 Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Tower Research Capital LLC TRC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 107.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,024 shares of the financial services provider's stock after acquiring an additional 9,855 shares during the quarter. Tower Research Capital LLC TRC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HOMB. Aster Capital Management DIFC Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $28,000. Trust Co. of Vermont acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $40,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $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) in the fourth quarter valued at approximately $53,000. Finally, UMB Bank n.a. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 777 shares during the period. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on HOMB. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Stephens restated an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Royal Bank of Canada dropped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Monday, April 21st. Finally, Hovde Group cut their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Insider Buying and Selling

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.30% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.9 %

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $0.53 on Friday, reaching $28.57. 787,710 shares of the company were exchanged, compared to its average volume of 1,022,672. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 14.14 and a beta of 0.93. 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 fifty day moving average price of $27.62 and a 200-day moving average price of $28.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (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 the consensus estimate of $255.20 million. On average, analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently declared 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 annualized dividend and a dividend yield of 2.80%. 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. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.10%.

About Home Bancshares, Inc. (Conway, AR)

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.