Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stock Holdings Lessened by Olstein Capital Management L.P.

Olstein Capital Management L.P. decreased its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the financial services provider's stock after selling 10,000 shares during the period. Olstein Capital Management L.P.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,414,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HOMB. Aster Capital Management DIFC Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $28,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 530 shares during the period. Parkside Financial Bank & Trust acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $53,000. Newbridge Financial Services Group Inc. bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $60,000. Finally, UMB Bank n.a. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 32.4% in the 1st quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock worth $75,000 after acquiring an additional 647 shares during the period. Institutional investors own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

HOMB has been the subject of a number of analyst reports. Stephens reissued an "overweight" rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. 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. Finally, Wall Street Zen raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.40.

Insiders Place Their Bets

In other news, insider Kevin Hester sold 7,128 shares of the 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 completion of the sale, the insider now owns 124,912 shares in the company, valued at $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 sale, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This trade 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) Price Performance

HOMB traded down $0.20 on Thursday, reaching $28.21. The company had a trading volume of 548,929 shares, compared to its average volume of 998,190. The company has a market capitalization of $5.57 billion, a P/E ratio of 13.97 and a beta of 0.80. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $27.73 and a 200-day moving average of $28.81. Home Bancshares, Inc. has a one year low of $22.49 and a one year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. As a group, equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, May 14th. This is a positive change 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 2.84%. 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.