JPMorgan Chase & Co. Acquires 250,703 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

JPMorgan Chase & Co. increased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,285,348 shares of the financial services provider's stock after purchasing an additional 250,703 shares during the period. JPMorgan Chase & Co. owned approximately 0.65% of Home Bancshares, Inc. (Conway, AR) worth $36,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HOMB. FMR LLC raised its position 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 buying an additional 5,417 shares in the last quarter. HighTower Advisors LLC raised its holdings in 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 valued at $545,000 after acquiring an additional 1,077 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock valued at $647,000 after acquiring an additional 17,563 shares during the period. Stifel Financial Corp increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 8.2% in the third quarter. Stifel Financial Corp now owns 121,187 shares of the financial services provider's stock worth $3,283,000 after purchasing an additional 9,218 shares during the period. Finally, Jane Street Group LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 26.8% in the third quarter. Jane Street Group LLC now owns 239,234 shares of the financial services provider's stock valued at $6,481,000 after purchasing an additional 50,589 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

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

Shares of HOMB traded up $0.01 during trading hours on Friday, reaching $25.21. The stock had a trading volume of 1,647,269 shares, compared to its average volume of 1,020,369. The stock has a market capitalization of $5.01 billion, a PE ratio of 12.48 and a beta of 0.93. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The company's 50-day moving average is $28.53 and its two-hundred day moving average is $28.80.

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

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.09%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.61%.

Insider Buying and Selling

In related news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares of the company's stock, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HOMB shares. Hovde Group decreased their price objective 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. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Stephens reaffirmed an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $32.00.

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.