Edgestream Partners L.P. Has $1.85 Million Holdings in Home BancShares, Inc. (NYSE:HOMB)

Edgestream Partners L.P. boosted its position in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 134.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 65,328 shares of the financial services provider's stock after purchasing an additional 37,405 shares during the period. Edgestream Partners L.P.'s holdings in Home BancShares were worth $1,847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State of Michigan Retirement System boosted its holdings in Home BancShares by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider's stock worth $1,250,000 after buying an additional 400 shares during the period. Xponance Inc. raised its position in Home BancShares by 1.8% in the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider's stock worth $757,000 after purchasing an additional 476 shares during the period. Louisiana State Employees Retirement System grew its holdings in Home BancShares by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider's stock worth $1,464,000 after acquiring an additional 500 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Home BancShares by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after acquiring an additional 530 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Home BancShares by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 575 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HOMB. Royal Bank Of Canada decreased their target price on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating for the company in a report on Monday, April 21st. Stephens restated an "overweight" rating and set a $33.00 target price on shares of Home BancShares in a research report on Monday, April 21st. Finally, Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Three equities research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

Home BancShares Trading Up 2.1%

Shares of HOMB stock opened at $29.12 on Friday. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 13.30 and a beta of 0.79. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $32.91. The company's 50-day moving average price is $28.65 and its 200-day moving average price is $28.55. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. Home BancShares had a return on equity of 10.67% and a net margin of 29.58%. The firm had revenue of $271.03 million during the quarter, compared to the consensus estimate of $262.56 million. During the same period in the prior year, the company posted $0.52 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.75%. This is a positive change from Home BancShares's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, May 14th. Home BancShares's dividend payout ratio (DPR) is presently 36.53%.

Insider Activity

In other news, insider Kevin Hester sold 7,128 shares of the company'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 completion of the sale, the insider owned 124,912 shares in the company, valued at $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Stephen Tipton sold 24,159 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $27.52, for a total value of $664,855.68. Following the transaction, the chief executive officer directly owned 53,308 shares in the company, valued at $1,467,036.16. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,787 shares of company stock valued at $937,840 in the last three months. Corporate insiders own 6.30% of the company's stock.

Home BancShares Company 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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