11,143 Shares in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,143 shares of the financial services provider's stock, valued at approximately $315,000.

Other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $28,000. Trust Co. of Vermont acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $40,000. Nomura Asset Management Co. Ltd. raised its position in 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 in the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $53,000. Finally, UMB Bank n.a. increased its stake in shares of 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 worth $57,000 after buying an additional 777 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HOMB shares. Stephens reiterated an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Hovde Group lowered their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada decreased their price target on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Moderate Buy" and an average target price of $32.40.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is owned by insiders.

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

NYSE HOMB opened at $28.57 on Monday. The company has a fifty day moving average of $27.62 and a two-hundred day moving average of $28.87. The company has a market capitalization of $5.67 billion, a PE ratio of 14.14 and a beta of 0.93. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. The firm had revenue of $260.08 million during the quarter, compared to analysts' expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. As a group, analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share 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. Stockholders of record on Wednesday, May 14th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. 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%.

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.

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