Wedge Capital Management L L P NC Has $2.01 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Wedge Capital Management L L P NC trimmed its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 24.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,032 shares of the financial services provider's stock after selling 22,514 shares during the period. Wedge Capital Management L L P NC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,008,000 as of its most recent SEC filing.

Other institutional investors and 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 fourth quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. increased its holdings in Home Bancshares, Inc. (Conway, AR) by 48.2% during 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 in the last quarter. Parkside Financial Bank & Trust bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $53,000. Newbridge Financial Services Group Inc. bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $60,000. Finally, UMB Bank n.a. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 32.4% in the first quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock worth $75,000 after purchasing an additional 647 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HOMB shares. Stephens reaffirmed an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Wall Street Zen upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Royal Bank of Canada decreased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's 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.

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

In related 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 sale, the insider now owns 124,912 shares of the company's stock, valued at approximately $3,581,227.04. This trade represents a 5.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm's 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 directly owns 4,301 shares in the company, valued at approximately $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.

Home Bancshares, Inc. (Conway, AR) Trading Down 2.5%

Shares of NYSE HOMB traded down $0.70 during mid-day trading on Friday, hitting $27.54. The company's stock had a trading volume of 760,829 shares, compared to its average volume of 999,631. The company's fifty day simple moving average is $27.85 and its 200-day simple moving average is $28.73. Home Bancshares, Inc. has a one year low of $22.64 and a one year high of $32.91. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 13.63 and a beta of 0.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, beating 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 analysts' expectations of $255.20 million. On average, sell-side 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 announced 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. The ex-dividend date was Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. This is a boost 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%.

Home Bancshares, Inc. (Conway, AR) 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.