Fort Washington Investment Advisors Inc. OH Sells 23,969 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Fort Washington Investment Advisors Inc. OH decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 701,603 shares of the financial services provider's stock after selling 23,969 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.35% of Home Bancshares, Inc. (Conway, AR) worth $19,834,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. grew its position in Home Bancshares, Inc. (Conway, AR) by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 530 shares during the period. Parkside Financial Bank & Trust acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $53,000. GAMMA Investing LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 995 shares during the period. Finally, UMB Bank n.a. grew its position in Home Bancshares, Inc. (Conway, AR) by 32.4% in the 1st quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 647 shares during the period. Institutional investors own 67.31% of the company's stock.

Analyst Ratings Changes

HOMB has been the subject of several research reports. Royal Bank of Canada reduced their price target 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 reissued an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Finally, Wall Street Zen raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Insiders Place Their Bets

In other news, insider Kevin Hester sold 7,128 shares of Home Bancshares, Inc. (Conway, AR) 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $68,625.00. Following the sale, the chief accounting officer now owns 4,301 shares in the company, valued at $118,062.45. The trade was a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.30% of the company's stock.

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

HOMB traded up $0.04 during mid-day trading on Monday, reaching $27.62. 746,169 shares of the stock were exchanged, compared to its average volume of 998,617. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock has a market capitalization of $5.45 billion, a PE ratio of 13.67 and a beta of 0.80. The company has a 50 day moving average price of $27.90 and a two-hundred day moving average price of $28.68. Home Bancshares, Inc. has a 1 year low of $22.64 and a 1 year 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, topping analysts' consensus estimates of $0.54 by $0.02. The firm had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. As a group, research analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, May 14th. 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.