BTC Capital Management Inc. Makes New $339,000 Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

BTC Capital Management Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,802 shares of the financial services provider’s stock, valued at approximately $339,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Gilliland Jeter Wealth Management LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $2,478,000. Norges Bank acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $54,498,000. Louisiana State Employees Retirement System acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $1,335,000. Campbell & CO Investment Adviser LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $1,257,000. Finally, UBS Group AG boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 56.5% during the fourth quarter. UBS Group AG now owns 285,043 shares of the financial services provider’s stock valued at $7,220,000 after acquiring an additional 102,907 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Stephens raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, StockNews.com downgraded Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.00.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, the chief accounting officer now owns 1,000 shares in the company, valued at $24,530. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The disclosure for this sale can be found here. 7.66% of the stock is owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.3 %

HOMB stock opened at $23.14 on Friday. The firm’s 50-day moving average is $23.76 and its two-hundred day moving average is $23.92. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 11.93 and a beta of 1.08. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The firm had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. During the same period in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts forecast that Home Bancshares, Inc. will post 1.97 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

About Home Bancshares, Inc. (Conway, AR)

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.