Squarepoint Ops LLC Makes New $1.49 Million Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Squarepoint Ops LLC acquired a new position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 52,695 shares of the financial services provider's stock, valued at approximately $1,491,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $28,000. Nomura Asset Management Co. Ltd. boosted its position in 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 valued at $46,000 after purchasing an additional 530 shares during the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $53,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $60,000. Finally, Lee Danner & Bass Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $85,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on HOMB shares. Wall Street Zen raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Stephens reiterated an "overweight" rating and set a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, Royal Bank of Canada lowered 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Insider Buying and Selling

In related news, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the sale, the insider now directly owns 124,912 shares in the company, valued at $3,581,227.04. This trade represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated 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 sale, 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 owned by insiders.

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

Shares of HOMB stock traded down $0.36 during trading hours on Wednesday, hitting $28.00. 691,990 shares of the company's stock were exchanged, compared to its average volume of 1,009,816. 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 moving average is $27.61 and its 200-day moving average is $28.89. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 13.86 and a beta of 0.79.

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, 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%. As a group, research analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a $0.20 dividend. 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 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.