Aster Capital Management DIFC Ltd Acquires New Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Aster Capital Management DIFC Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 986 shares of the financial services provider’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $60,169,000. Boston Partners purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $27,825,000. Fisher Asset Management LLC lifted its position in 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 valued at $59,160,000 after purchasing an additional 324,664 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 24.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider’s stock valued at $36,375,000 after purchasing an additional 250,703 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth approximately $5,656,000. 67.31% of the stock is currently owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 5.7 %

NYSE:HOMB opened at $25.17 on Friday. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.91. 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 50-day moving average price of $28.64 and a 200-day moving average price of $28.81. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 12.46 and a beta of 0.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued 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). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The company had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. Equities analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 3.10%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HOMB has been the subject of a number of recent analyst reports. Hovde Group lowered their price target on shares of 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. Stephens reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.