D. E. Shaw & Co. Inc. Has $293,000 Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

D. E. Shaw & Co. Inc. reduced its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 75.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,356 shares of the financial services provider's stock after selling 32,249 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $293,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Everhart Financial Group Inc. boosted its position in 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 worth $568,000 after purchasing an additional 409 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after purchasing an additional 530 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after acquiring an additional 540 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock worth $894,000 after acquiring an additional 748 shares during the last quarter. Finally, United Services Automobile Association increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 6.6% in the fourth quarter. United Services Automobile Association now owns 12,523 shares of the financial services provider's stock valued at $354,000 after buying an additional 774 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HOMB shares. Royal Bank of Canada reduced their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a research report on Monday, April 21st. Stephens reiterated an "overweight" rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, Wall Street Zen raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) 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, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of the sale, the insider now owns 124,912 shares of the company's stock, valued at $3,581,227.04. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm'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 transaction, the chief accounting officer now owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This represents a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.30% of the company's stock.

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

NYSE HOMB traded up $0.16 during trading on Thursday, hitting $28.45. 505,631 shares of the stock traded hands, compared to its average volume of 1,011,647. The company has a market capitalization of $5.62 billion, a P/E ratio of 14.08 and a beta of 0.79. The firm has a 50-day simple moving average of $27.63 and a 200-day simple moving average of $28.97. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 12-month low of $22.42 and a 12-month high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data 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 company 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 predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders 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 2.81%. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. 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.