Brevan Howard Capital Management LP Invests $318,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Brevan Howard Capital Management LP acquired a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,252 shares of the financial services provider’s stock, valued at approximately $318,000.

Several other large investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $60,169,000. Boston Partners acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $27,825,000. Fisher Asset Management LLC raised its holdings in 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 purchasing an additional 324,664 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 worth $36,375,000 after purchasing an additional 250,703 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $5,656,000. 67.31% of the stock is owned by institutional investors.

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

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer now owns 4,301 shares in the company, valued at approximately $118,062.45. This represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.30% of the stock is currently owned by insiders.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $28.57 on Friday. The business has a 50-day simple moving average of $27.51 and a 200 day simple moving average of $28.92. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 14.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a one year low of $22.42 and a one year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. On average, research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently disclosed 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 is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. 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. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 38.10%.

Analyst Ratings Changes

Several research firms recently issued reports on HOMB. Royal Bank of Canada dropped their target price 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 report on Monday, April 21st. Hovde Group dropped their price objective 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. Stephens reaffirmed an “overweight” rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.40.

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.