Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 39.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,127 shares of the financial services provider's stock after purchasing an additional 17,424 shares during the quarter. ProShare Advisors LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $28,000. Nomura Asset Management Co. Ltd. raised its position in 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 worth $46,000 after buying an additional 530 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $53,000. UMB Bank n.a. raised its position in Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after buying an additional 777 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $60,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Stephens restated an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Finally, Royal Bank of Canada cut their price objective on shares of 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.40.

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

In related news, insider Kevin Hester sold 7,128 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.67, for a total value of $204,359.76. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the sale, 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 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) Price Performance

Shares of NYSE:HOMB traded down $0.15 on Friday, reaching $28.06. 603,829 shares of the company were exchanged, compared to its average volume of 1,015,076. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 1-year low of $22.42 and a 1-year high of $32.91. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 13.89 and a beta of 0.79. The company has a 50-day moving average of $27.63 and a 200-day moving average of $29.01.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The business had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. Equities analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost 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 2.85%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is 38.10%.

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.