Freestone Grove Partners LP Buys New Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Freestone Grove Partners LP bought a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,143 shares of the financial services provider's stock, valued at approximately $315,000.

Several other large investors have also recently bought and sold shares of HOMB. Harbor Capital Advisors Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock worth $1,979,000 after buying an additional 374 shares during the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% during the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock valued at $568,000 after purchasing an additional 409 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in 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 period. Pacer Advisors Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after purchasing an additional 540 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Home Bancshares, Inc. (Conway, AR) by 2.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock worth $894,000 after buying an additional 748 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

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

Shares of NYSE:HOMB traded down $0.14 during trading on Friday, reaching $28.57. 484,979 shares of the company traded hands, compared to its average volume of 1,015,325. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. 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 firm has a market cap of $5.67 billion, a P/E ratio of 14.14 and a beta of 0.79. The firm has a fifty day simple moving average of $27.51 and a 200 day simple moving average of $28.92.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. Analysts anticipate 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 $0.20 dividend. The ex-dividend date is Wednesday, May 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a yield of 2.80%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.10%.

Insiders Place Their Bets

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. The trade was a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HOMB. Royal Bank of Canada dropped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Monday, April 21st. Stephens reiterated an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Hovde Group reduced their target price 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. Finally, StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

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.