Pictet Asset Management Holding SA Boosts Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Pictet Asset Management Holding SA increased its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 23.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,423 shares of the financial services provider’s stock after purchasing an additional 5,740 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOMB. Trust Co. of Vermont bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $40,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 530 shares during the period. Parkside Financial Bank & Trust bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $53,000. UMB Bank n.a. grew its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 777 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $60,000. 67.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stephens restated an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Hovde Group lowered their price target 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and an average target price of $32.00.

Insider Buying and Selling

In related news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Stock Down 2.9 %

HOMB opened at $25.07 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $29.20 and its 200 day simple moving average is $28.91. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91. The stock has a market cap of $4.98 billion, a PE ratio of 12.41 and a beta of 0.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The firm had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, research analysts expect that Home Bancshares, Inc. will post 2.19 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, March 5th. Investors of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

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.