MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,099 shares of the financial services provider’s stock after purchasing an additional 2,926 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $3,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider’s stock valued at $574,263,000 after purchasing an additional 121,845 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider’s stock worth $192,211,000 after buying an additional 124,891 shares in the last quarter. Copeland Capital Management LLC boosted its position in shares of 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 worth $92,256,000 after acquiring an additional 19,290 shares during the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $61,322,000 after acquiring an additional 120,691 shares in the last quarter. Finally, Norges Bank bought a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $60,169,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 7,128 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.67, for a total value of $204,359.76. Following the completion of the transaction, the insider now directly owns 124,912 shares in the company, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

HOMB has been the subject of a number of research reports. Royal Bank of Canada dropped their price target 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. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Stephens reissued an “overweight” rating and issued a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $32.40.

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

NYSE HOMB opened at $29.09 on Wednesday. The business’s 50 day moving average price is $27.65 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 market cap of $5.74 billion, a P/E ratio of 14.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results 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. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. Sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.75%. This is a boost 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%.

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.