Wells Fargo & Company MN Boosts Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Wells Fargo & Company MN grew its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 21.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,770 shares of the financial services provider's stock after acquiring an additional 29,718 shares during the quarter. Wells Fargo & Company MN owned 0.09% of Home Bancshares, Inc. (Conway, AR) worth $4,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Villanova Investment Management Co LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% during the fourth quarter. Villanova Investment Management Co LLC now owns 90,228 shares of the financial services provider's stock valued at $2,553,000 after acquiring an additional 8,712 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 231.7% during the 4th quarter. Franklin Resources Inc. now owns 31,273 shares of the financial services provider's stock valued at $885,000 after purchasing an additional 21,845 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 23.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 30,423 shares of the financial services provider's stock worth $861,000 after purchasing an additional 5,740 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after buying an additional 530 shares during the last quarter. Finally, Norges Bank bought a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $60,169,000. Institutional investors own 67.31% of the company's stock.

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

Shares of NYSE HOMB traded up $0.32 during mid-day trading on Wednesday, hitting $27.55. The company had a trading volume of 1,128,114 shares, compared to its average volume of 1,020,129. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.91. The stock's 50-day moving average price is $27.91 and its 200-day moving average price is $28.79. 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 company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 13.64 and a beta of 0.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The firm had revenue of $260.08 million for 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%. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada lowered their price objective 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 research report on Monday. 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. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Finally, Stephens reaffirmed an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of "Moderate Buy" and an average price target 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.