OMERS ADMINISTRATION Corp Invests $365,000 in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

OMERS ADMINISTRATION Corp purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,900 shares of the financial services provider's stock, valued at approximately $365,000.

Several other institutional investors have also modified their holdings of the stock. Aster Capital Management DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $28,000. Trust Co. of Vermont purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $40,000. Nomura Asset Management Co. Ltd. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 48.2% in 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 buying an additional 530 shares during the period. Parkside Financial Bank & Trust purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $53,000. Finally, UMB Bank n.a. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after buying an additional 777 shares during the period. Hedge funds and other institutional investors own 67.31% of the company's stock.

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

NYSE HOMB opened at $29.20 on Tuesday. The company has a market cap of $5.77 billion, a P/E ratio of 14.46 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock has a 50-day moving average of $27.62 and a two-hundred day moving average of $29.01. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. As a group, analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, May 14th. This is an increase 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 dividend yield of 2.74%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.10%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HOMB. Royal Bank of Canada reduced their price objective 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 report on Monday, April 21st. Stephens reaffirmed an "overweight" rating and issued a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Finally, StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $32.40.

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

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at approximately $118,062.45. The trade was a 36.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin Hester sold 7,128 shares of the business's stock in a transaction dated 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 approximately $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.