Brevan Howard Capital Management LP Purchases Shares of 11,252 Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Brevan Howard Capital Management LP acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,252 shares of the financial services provider’s stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $28,000. Trust Co. of Vermont bought a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. Nomura Asset Management Co. Ltd. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 48.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 530 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $53,000. Finally, UMB Bank n.a. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 777 shares during the last quarter. 67.31% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.5 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $28.57 on Friday. The firm’s 50-day moving average price is $27.51 and its two-hundred day moving average price is $28.92. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 14.14 and a beta of 0.79. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 12-month low of $22.42 and a 12-month high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $260.08 million for the quarter, compared to analysts’ expectations of $255.20 million. On average, analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.20 per share. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.80 annualized dividend and a yield of 2.80%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.10%.

Analysts Set New Price Targets

Several brokerages recently commented on HOMB. Stephens reaffirmed an “overweight” rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Hovde Group dropped their price target 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. Royal Bank of Canada decreased their price objective on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a “sector perform” rating on the stock in a report on Monday, April 21st. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.40.

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

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. This represents a 36.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

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.