GAMMA Investing LLC Has $21.03 Million Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

GAMMA Investing LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 4,445.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,407 shares of the financial services provider's stock after purchasing an additional 72,770 shares during the quarter. GAMMA Investing LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $21,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $722,000. Charles Schwab Investment Management Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after purchasing an additional 120,691 shares in the last quarter. Fisher Asset Management LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 18.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after buying an additional 324,664 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 22.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock valued at $10,714,000 after buying an additional 69,892 shares in the last quarter. Finally, Amarillo National Bank boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% during the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after acquiring an additional 60,000 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin Hester sold 7,128 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total value of $204,359.76. Following the sale, the insider now directly owns 124,912 shares of the company's stock, valued at approximately $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.

Home Bancshares, Inc. (Conway, AR) Trading Up 2.1%

NYSE:HOMB traded up $0.59 on Friday, reaching $28.43. The company's stock had a trading volume of 647,016 shares, compared to its average volume of 1,003,521. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The business's 50-day moving average price is $27.60 and its two-hundred day moving average price is $28.86. The firm has a market cap of $5.61 billion, a PE ratio of 14.07 and a beta of 0.80. 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. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. Equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business 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 is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend was Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.10%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank of Canada decreased their target price 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 note on Monday, April 21st. Finally, Stephens reissued an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of "Moderate Buy" and an average 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.