Raymond James Financial Inc. Makes New $5.66 Million Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Raymond James Financial Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 199,844 shares of the financial services provider's stock, valued at approximately $5,656,000. Raymond James Financial Inc. owned approximately 0.10% of Home Bancshares, Inc. (Conway, AR) as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HOMB. Proficio Capital Partners LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $722,000. Atria Investments Inc raised its position in Home Bancshares, Inc. (Conway, AR) by 14.6% in the 4th quarter. Atria Investments Inc now owns 9,111 shares of the financial services provider's stock worth $258,000 after buying an additional 1,160 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after acquiring an additional 120,691 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 91.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,489 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 1,666 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after acquiring an additional 324,664 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

Home Bancshares, Inc. (Conway, AR) stock traded up $0.04 during trading on Thursday, reaching $28.74. The company had a trading volume of 91,602 shares, compared to its average volume of 944,703. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 14.23 and a beta of 1.08. 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 firm's 50-day simple moving average is $29.56 and its 200 day simple moving average is $28.87. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 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 the consensus estimate 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 firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. Sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.71%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.61%.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 5,693,182 shares of the company's stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective 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 report on Wednesday, December 4th. Stephens restated an "overweight" rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, Hovde Group lowered their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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.