Millennium Management LLC Cuts Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Millennium Management LLC lessened its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 94.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,011 shares of the financial services provider's stock after selling 476,498 shares during the quarter. Millennium Management LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $821,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $60,000. Allspring Global Investments Holdings LLC boosted 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 worth $10,714,000 after acquiring an additional 69,892 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 33.1% during the 4th quarter. Van ECK Associates Corp now owns 135,866 shares of the financial services provider's stock valued at $3,845,000 after acquiring an additional 33,773 shares during the period. Everhart Financial Group Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% in the 4th quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock valued at $568,000 after purchasing an additional 409 shares in the last quarter. Finally, Amarillo National Bank increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% in 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 hedge funds and other institutional investors.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $0.59 during trading hours on Friday, reaching $28.43. 647,016 shares of the company were exchanged, compared to its average volume of 1,003,521. The firm has a market cap of $5.61 billion, a PE ratio of 14.07 and a beta of 0.80. The stock's fifty day moving average is $27.60 and its 200 day moving average is $28.86. 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.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. As a group, equities research analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.20 per share. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 2.81%. The ex-dividend date was Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.10%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the firm's 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 owns 4,301 shares in the company, valued at $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $204,359.76. Following the transaction, the insider now directly owns 124,912 shares of the company's stock, valued at $3,581,227.04. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada lowered their price objective 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. Wall Street Zen upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Stephens reissued an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research 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 company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of "Moderate Buy" and a consensus target price 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.