ProShare Advisors LLC Raises Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

ProShare Advisors LLC grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 39.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,127 shares of the financial services provider's stock after acquiring an additional 17,424 shares during the quarter. ProShare Advisors LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $722,000. Charles Schwab Investment Management Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after purchasing an additional 120,691 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after purchasing an additional 324,664 shares during the last quarter. Amarillo National Bank increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% during the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock worth $2,932,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position 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 purchasing an additional 69,892 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.9%

Shares of HOMB traded up $0.24 during midday trading on Tuesday, hitting $28.32. The company had a trading volume of 62,572 shares, compared to its average volume of 1,011,419. The company's 50-day simple moving average is $27.62 and its 200-day simple moving average is $28.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The firm has a market capitalization of $5.59 billion, a P/E ratio of 14.01 and a beta of 0.79. 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 announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) 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 business had revenue of $260.08 million during the quarter, compared to analysts' expectations of $255.20 million. As a group, sell-side analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently declared 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 positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 14th. This represents a $0.80 annualized dividend and a yield of 2.82%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.10%.

Insider Activity

In other news, insider Kevin Hester sold 7,128 shares of the business'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 transaction, the insider now owns 124,912 shares of the company's stock, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were 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 directly owns 4,301 shares in the company, valued at approximately $118,062.45. The trade was 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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HOMB. Royal Bank of Canada lowered their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a report on Monday, April 21st. Wall Street Zen upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Stephens restated an "overweight" rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.