OMERS ADMINISTRATION Corp Acquires Shares of 12,900 Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

OMERS ADMINISTRATION Corp acquired a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,900 shares of the financial services provider's stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Everhart Financial Group Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% in the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock worth $568,000 after acquiring an additional 409 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% during 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. Pacer Advisors Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after purchasing an additional 540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Home Bancshares, Inc. (Conway, AR) by 2.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock worth $894,000 after buying an additional 748 shares in the last quarter. Finally, United Services Automobile Association increased its stake in Home Bancshares, Inc. (Conway, AR) by 6.6% in the 4th quarter. United Services Automobile Association now owns 12,523 shares of the financial services provider's stock worth $354,000 after buying an additional 774 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. 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 on the stock in a research note on Monday, April 21st. Finally, Stephens reaffirmed 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 7,128 shares of the firm'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 $3,581,227.04. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm'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 in the company, valued at $118,062.45. This represents a 36.76% decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.5%

Home Bancshares, Inc. (Conway, AR) stock traded down $0.15 during trading on Friday, reaching $28.06. 603,829 shares of the company were exchanged, compared to its average volume of 1,015,076. Home Bancshares, Inc. has a 52-week low of $22.42 and a 52-week high of $32.91. 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's 50 day simple moving average is $27.63 and its two-hundred day simple moving average is $29.01. The company has a market capitalization of $5.54 billion, a P/E ratio of 13.89 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The company 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%. On average, equities research analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.20 per share. This is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.80 annualized dividend and a yield of 2.85%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is presently 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.