Brevan Howard Capital Management LP Invests $318,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Brevan Howard Capital Management LP bought a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,252 shares of the financial services provider's stock, valued at approximately $318,000.

Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 28.3% during the fourth quarter. Baird Financial Group Inc. now owns 29,503 shares of the financial services provider's stock valued at $835,000 after buying an additional 6,503 shares during the last quarter. Algert Global LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 21.1% during the 4th quarter. Algert Global LLC now owns 99,085 shares of the financial services provider's stock worth $2,804,000 after acquiring an additional 17,270 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 265,393 shares of the financial services provider's stock valued at $7,511,000 after acquiring an additional 77,956 shares during the last quarter. Freestone Grove Partners LP purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $315,000. Finally, Stifel Financial Corp grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Stifel Financial Corp now owns 123,590 shares of the financial services provider's stock valued at $3,498,000 after purchasing an additional 2,403 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.1%

Home Bancshares, Inc. (Conway, AR) stock traded up $0.03 during midday trading on Tuesday, reaching $29.60. The stock had a trading volume of 706,281 shares, compared to its average volume of 1,015,380. 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 $5.84 billion, a price-to-earnings ratio of 14.65 and a beta of 0.79. Home Bancshares, Inc. has a 52-week low of $22.42 and a 52-week high of $32.91. The company has a fifty day moving average of $27.52 and a 200 day moving average of $28.95.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released 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 analysts' expectations of $255.20 million. On average, 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. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.70%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.10%.

Analyst Upgrades and Downgrades

HOMB has been the topic of a number of recent research reports. Stephens reaffirmed an "overweight" rating and set a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Royal Bank of Canada decreased 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. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Hovde Group dropped 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. Three research analysts have rated the stock with 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 "Moderate Buy" and a consensus target price of $32.40.

Insider Transactions 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 stock was 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 directly owns 4,301 shares of the company's stock, valued at $118,062.45. The trade was a 36.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin Hester sold 7,128 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the transaction, the insider now directly owns 124,912 shares in the company, valued at $3,581,227.04. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

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.