Boston Partners Makes New Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Boston Partners bought a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 976,217 shares of the financial services provider's stock, valued at approximately $27,825,000. Boston Partners owned about 0.49% of Home Bancshares, Inc. (Conway, AR) as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HOMB. Fisher Asset Management LLC lifted its stake in shares of 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 purchasing an additional 324,664 shares during the last quarter. Raymond James Financial Inc. bought a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $5,656,000. Barclays PLC lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% in the third quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock worth $11,458,000 after buying an additional 166,927 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 57.1% during the 4th quarter. Hodges Capital Management Inc. now owns 393,200 shares of the financial services provider's stock worth $11,127,000 after acquiring an additional 142,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider's stock worth $55,430,000 after acquiring an additional 134,741 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Hovde Group reduced their target price 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. Stephens reaffirmed an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $0.70 during midday trading on Monday, hitting $28.70. The company had a trading volume of 842,980 shares, compared to its average volume of 948,969. The business's 50 day simple moving average is $29.55 and its two-hundred day simple moving average is $28.85. The stock has a market cap of $5.70 billion, a PE ratio of 14.21 and a beta of 1.08. 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 1-year low of $22.38 and a 1-year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, equities analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.72%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 38.61%.

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.