Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 45.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,189 shares of the financial services provider’s stock after acquiring an additional 49,140 shares during the period. Deutsche Bank AG’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $4,477,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% in the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock valued at $11,458,000 after buying an additional 166,927 shares during the period. Trust Co. of Vermont acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $40,000. UMB Bank n.a. boosted its holdings 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 buying an additional 777 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider’s stock valued at $20,534,000 after buying an additional 94,190 shares during the period. Finally, Dakota Wealth Management boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 18.8% in the 4th quarter. Dakota Wealth Management now owns 9,114 shares of the financial services provider’s stock valued at $258,000 after buying an additional 1,443 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. 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. Stephens reaffirmed an “overweight” rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Finally, Royal Bank of Canada cut their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.40.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.4%

Shares of NYSE:HOMB opened at $29.20 on Tuesday. The company has a market cap of $5.77 billion, a PE ratio of 14.46 and a beta of 0.79. The company’s 50-day moving average price is $27.62 and its 200 day moving average price is $29.01. 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 quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.74%. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.10%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of the business’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 sale, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. The trade was a 36.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin Hester sold 7,128 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the sale, the insider now owns 124,912 shares in the company, valued at $3,581,227.04. This trade represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by insiders.

Home Bancshares, Inc. (Conway, AR) 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.