Wedge Capital Management L L P NC Decreases Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

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

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $722,000. Charles Schwab Investment Management Inc. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after buying an additional 120,691 shares during the period. Fisher Asset Management LLC grew its position 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 in the last quarter. Allspring Global Investments Holdings LLC grew its position in Home Bancshares, Inc. (Conway, AR) by 22.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock worth $10,714,000 after buying an additional 69,892 shares during the last quarter. Finally, Amarillo National Bank lifted its stake in Home Bancshares, Inc. (Conway, AR) by 137.6% during the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after buying an additional 60,000 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on HOMB shares. Royal Bank of Canada reduced their price objective on 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. Wall Street Zen raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Stephens reissued an "overweight" rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.40.

Insider Buying and Selling

In related news, insider Kevin Hester sold 7,128 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were 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. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were 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 approximately $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. 6.30% of the stock is owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.2%

Shares of NYSE HOMB traded down $0.34 on Thursday, reaching $28.07. 92,382 shares of the company's stock traded hands, compared to its average volume of 996,411. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 13.90 and a beta of 0.80. Home Bancshares, Inc. has a 12 month low of $22.49 and a 12 month high of $32.91. The business's 50 day simple moving average is $27.73 and its two-hundred day simple moving average is $28.81.

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 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 analyst estimates of $255.20 million. As a group, equities research analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.85%. The ex-dividend date was Wednesday, May 14th. 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 is currently 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.