111 Capital Invests $255,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

111 Capital acquired 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 (SEC). The fund acquired 8,995 shares of the financial services provider's stock, valued at approximately $255,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Home Bancshares, Inc. (Conway, AR) by 7.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,355 shares of the financial services provider's stock valued at $463,000 after purchasing an additional 1,093 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $2,057,000. Mackenzie Financial Corp boosted its stake in Home Bancshares, Inc. (Conway, AR) by 177.7% in the 4th quarter. Mackenzie Financial Corp now owns 32,732 shares of the financial services provider's stock worth $926,000 after buying an additional 20,945 shares during the last quarter. Forum Financial Management LP acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $208,000. Finally, GTS Securities LLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $352,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HOMB. Wall Street Zen raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Stephens restated an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Finally, Royal Bank of Canada cut their price objective 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

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

In other news, insider Kevin Hester sold 7,128 shares of the business's 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 sale, the insider now owns 124,912 shares of the company's stock, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the business's stock in a transaction 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 $118,062.45. This represents a 36.76% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.30% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.3%

NYSE HOMB traded down $0.36 during mid-day trading on Wednesday, reaching $28.00. 691,990 shares of the company's stock traded hands, compared to its average volume of 1,009,816. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The company has a fifty day simple moving average of $27.61 and a 200-day simple moving average of $28.89. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 13.86 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 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. The company had revenue of $260.08 million during the quarter, compared to analyst estimates 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, equities research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.10%.

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.