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

Tower Research Capital LLC TRC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 107.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,024 shares of the financial services provider's stock after purchasing 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 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $60,169,000. Boston Partners acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $27,825,000. Fisher Asset Management LLC lifted its position 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 during the period. JPMorgan Chase & Co. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 24.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider's stock valued at $36,375,000 after buying an additional 250,703 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $5,656,000. 67.31% of the stock is owned by institutional investors.

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

Shares of HOMB stock traded up $0.53 during trading hours on Friday, reaching $28.57. 787,710 shares of the company were exchanged, compared to its average volume of 1,020,418. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock's fifty day moving average is $27.63 and its two-hundred day moving average is $28.84. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 14.14 and a beta of 0.93.

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%. Sell-side analysts forecast 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. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.20 per share. This is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.10%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the firm's 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 transaction, the chief accounting officer now directly owns 4,301 shares in the company, valued at $118,062.45. This trade represents a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of analyst reports. Hovde Group cut their price objective 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. Royal Bank of Canada reduced 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. Stephens reaffirmed an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Three investment 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) presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

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.