Mackenzie Financial Corp Purchases 20,945 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Mackenzie Financial Corp increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 177.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,732 shares of the financial services provider's stock after acquiring an additional 20,945 shares during the period. Mackenzie Financial Corp's holdings in Home Bancshares, Inc. (Conway, AR) were worth $926,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $722,000. Charles Schwab Investment Management Inc. grew its holdings in 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 valued at $61,322,000 after purchasing an additional 120,691 shares during the period. Fisher Asset Management LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during 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 purchasing an additional 324,664 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock valued at $10,714,000 after acquiring an additional 69,892 shares during the period. Finally, Amarillo National Bank boosted its stake in Home Bancshares, Inc. (Conway, AR) by 137.6% in the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock worth $2,932,000 after purchasing an additional 60,000 shares during the period. Institutional investors own 67.31% of the company's stock.

Insiders Place Their Bets

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the sale, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at $118,062.45. This represents a 36.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $204,359.76. Following the completion of 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 disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

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

NYSE HOMB traded down $0.17 during trading hours on Thursday, hitting $27.81. The company had a trading volume of 629,631 shares, compared to its average volume of 1,005,491. The business has a 50 day moving average of $27.60 and a 200-day moving average of $28.88. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. 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 company has a market cap of $5.49 billion, a PE ratio of 13.77 and a beta of 0.79.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $260.08 million during the quarter, compared to analysts' expectations of $255.20 million. As a group, equities research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were given a $0.20 dividend. 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. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 38.10%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stephens reissued an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Royal Bank of Canada dropped their price target on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Three 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 stock has a consensus rating of "Moderate Buy" and an average target price of $32.40.

Home Bancshares, Inc. (Conway, AR) 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.