Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 1,545.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 393,171 shares of the financial services provider's stock after acquiring an additional 369,271 shares during the period. Point72 Asset Management L.P. owned about 0.20% of Home Bancshares, Inc. (Conway, AR) worth $11,127,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $28,000. Trust Co. of Vermont bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $40,000. Nomura Asset Management Co. Ltd. lifted its position 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 worth $46,000 after purchasing an additional 530 shares during the last quarter. Parkside Financial Bank & Trust bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $53,000. Finally, UMB Bank n.a. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after purchasing an additional 777 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total transaction of $68,625.00. Following the sale, the chief accounting officer now owns 4,301 shares of the company's stock, valued at $118,062.45. The trade was a 36.76% decrease in their ownership of the stock. The sale 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 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 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 disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

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

Shares of HOMB traded down $0.15 during mid-day trading on Friday, reaching $28.06. 603,829 shares of the company's stock traded hands, compared to its average volume of 1,015,076. The business's 50-day moving average price is $27.63 and its 200-day moving average price is $29.01. The stock has a market capitalization of $5.54 billion, a P/E ratio of 13.89 and a beta of 0.79. 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. has a 12 month low of $22.42 and a 12 month high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released 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. The company had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Equities analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Wednesday, May 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.10%.

Wall Street Analyst Weigh In

HOMB has been the topic of several research analyst reports. Royal Bank of Canada reduced their price target 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 research report on Monday, April 21st. Wall Street Zen raised 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 issued a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.