Aptus Capital Advisors LLC Has $7.51 Million Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Aptus Capital Advisors LLC grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 41.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,393 shares of the financial services provider’s stock after buying an additional 77,956 shares during the quarter. Aptus Capital Advisors LLC owned 0.13% of Home Bancshares, Inc. (Conway, AR) worth $7,511,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $60,169,000. Boston Partners bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $27,825,000. Fisher Asset Management LLC raised its position in Home Bancshares, Inc. (Conway, AR) by 18.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock valued at $59,160,000 after buying an additional 324,664 shares during the last quarter. JPMorgan Chase & Co. lifted 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 acquiring an additional 250,703 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $5,656,000. Institutional investors own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on HOMB shares. Stephens restated an “overweight” rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. Royal Bank of Canada decreased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a “sector perform” rating for the company in a research report on Monday, April 21st. Finally, Hovde Group dropped their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

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

Shares of HOMB stock opened at $28.57 on Friday. The stock has a market cap of $5.67 billion, a P/E ratio of 14.14 and a beta of 0.93. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.91. 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 50 day simple moving average of $27.62 and a 200 day simple moving average of $28.86.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results 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. The company 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%. On average, research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis 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%.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

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 stock was sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the transaction, the chief accounting officer now owns 4,301 shares of the company’s stock, valued at approximately $118,062.45. The trade was a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by insiders.

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.