Franklin Resources Inc. Boosts Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Franklin Resources Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 231.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,273 shares of the financial services provider's stock after purchasing an additional 21,845 shares during the period. Franklin Resources Inc.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in HOMB. FMR LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 51.9% in the third quarter. FMR LLC now owns 15,847 shares of the financial services provider's stock valued at $429,000 after purchasing an additional 5,417 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.7% in the 3rd quarter. HighTower Advisors LLC now owns 20,030 shares of the financial services provider's stock worth $545,000 after buying an additional 1,077 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 8.2% in the 3rd quarter. Stifel Financial Corp now owns 121,187 shares of the financial services provider's stock valued at $3,283,000 after acquiring an additional 9,218 shares during the last quarter. XTX Topco Ltd purchased a new position in Home Bancshares, Inc. (Conway, AR) in the third quarter worth about $277,000. Finally, Public Employees Retirement System of Ohio increased its stake in Home Bancshares, Inc. (Conway, AR) by 519.7% during the third quarter. Public Employees Retirement System of Ohio now owns 6,996 shares of the financial services provider's stock worth $190,000 after acquiring an additional 5,867 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HOMB. Stephens reissued an "overweight" rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Hovde Group reduced their target price on shares of 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. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.6 %

Shares of NYSE HOMB traded up $0.42 during mid-day trading on Friday, reaching $26.40. The company had a trading volume of 1,667,044 shares, compared to its average volume of 1,021,677. Home Bancshares, Inc. has a 52 week low of $22.42 and a 52 week high of $32.91. The business's 50-day moving average is $28.06 and its 200-day moving average is $28.77. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 13.07 and a beta of 0.93. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly 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. The firm had revenue of $260.08 million during 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%. Equities analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

About Home Bancshares, Inc. (Conway, AR)

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.