Aptus Capital Advisors LLC Acquires 77,956 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Aptus Capital Advisors LLC raised its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 41.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 265,393 shares of the financial services provider's stock after acquiring an additional 77,956 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.13% of Home Bancshares, Inc. (Conway, AR) worth $7,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $722,000. Charles Schwab Investment Management Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after purchasing an additional 120,691 shares during the period. Fisher Asset Management LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 18.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after purchasing an additional 324,664 shares in the last quarter. Amarillo National Bank boosted its stake in Home Bancshares, Inc. (Conway, AR) by 137.6% in the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock worth $2,932,000 after purchasing an additional 60,000 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock valued at $10,714,000 after buying an additional 69,892 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stephens reaffirmed an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Royal Bank of Canada lowered their price target on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a report on Monday, April 21st. Hovde Group cut their price objective 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 raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.4 %

HOMB stock traded down $0.11 during trading on Tuesday, hitting $28.25. 545,907 shares of the stock traded hands, compared to its average volume of 1,020,571. The firm's 50 day moving average is $27.60 and its two-hundred day moving average is $28.89. 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. The stock has a market cap of $5.61 billion, a price-to-earnings ratio of 13.99 and a beta of 0.79.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The company had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. On average, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.83%. 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 dividend payout ratio (DPR) is presently 38.10%.

Insider Buying and Selling

In other news, CAO Jennifer C. Floyd sold 2,500 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the sale, the chief accounting officer now owns 4,301 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this link. 6.30% of the stock is currently owned by company insiders.

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.