Fort Washington Investment Advisors Inc. OH Cuts Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

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

A number of other institutional investors have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $28,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of 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 valued at $46,000 after purchasing an additional 530 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $53,000. GAMMA Investing LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 60.8% during the first 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 in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 32.4% during the first 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 in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NYSE HOMB traded down $0.70 during trading on Friday, hitting $27.54. The company had a trading volume of 760,829 shares, compared to its average volume of 998,268. The stock has a 50 day simple moving average of $27.85 and a 200 day simple moving average of $28.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 12 month low of $22.49 and a 12 month high of $32.91. The firm has a market capitalization of $5.44 billion, a P/E ratio of 13.63 and a beta of 0.80.

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 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $255.20 million. As a group, analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were paid a $0.20 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.90%. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 38.10%.

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

In related news, insider Kevin Hester sold 7,128 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,581,227.04. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction dated 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 of the company's stock, valued at $118,062.45. This represents a 36.76% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

HOMB has been the topic of a number of research analyst reports. Stephens reaffirmed an "overweight" rating and set a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Wall Street Zen raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada lowered their target price 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.40.

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.