BNP Paribas Financial Markets Sells 44,243 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

BNP Paribas Financial Markets cut its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 52.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,879 shares of the financial services provider’s stock after selling 44,243 shares during the quarter. BNP Paribas Financial Markets’ holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,157,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Algert Global LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 21.1% in the fourth quarter. Algert Global LLC now owns 99,085 shares of the financial services provider’s stock valued at $2,804,000 after buying an additional 17,270 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the fourth quarter. Aptus Capital Advisors LLC now owns 265,393 shares of the financial services provider’s stock valued at $7,511,000 after buying an additional 77,956 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $315,000. Stifel Financial Corp raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% during the 4th quarter. Stifel Financial Corp now owns 123,590 shares of the financial services provider’s stock valued at $3,498,000 after purchasing an additional 2,403 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 107.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,024 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 9,855 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Kevin Hester sold 7,128 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the completion of the transaction, the insider now directly owns 124,912 shares in the company, valued at approximately $3,581,227.04. This represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the company’s stock in a transaction dated 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 owns 4,301 shares of the company’s stock, valued at $118,062.45. The trade was a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

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

NYSE:HOMB opened at $29.20 on Tuesday. Home Bancshares, Inc. has a 52-week low of $22.42 and a 52-week high of $32.91. The business’s fifty day moving average is $27.62 and its 200 day moving average is $29.01. 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 firm has a market cap of $5.77 billion, a price-to-earnings ratio of 14.46 and a beta of 0.79.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $260.08 million during the quarter, compared to analysts’ expectations of $255.20 million. Research analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.74%. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.10%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HOMB shares. 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 research note on Monday, April 21st. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Stephens reiterated an “overweight” rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Moderate Buy” and a consensus 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.