Twinbeech Capital LP Makes New $1.18 Million Investment in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Twinbeech Capital LP acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,847 shares of the financial services provider's stock, valued at approximately $1,184,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock valued at $574,263,000 after buying an additional 121,845 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider's stock valued at $192,211,000 after buying an additional 124,891 shares during the last quarter. Copeland Capital Management LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the 4th quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider's stock valued at $92,256,000 after buying an additional 19,290 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 valued at $61,322,000 after buying an additional 120,691 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $60,169,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) 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 transaction of $204,359.76. Following the completion of the sale, the insider now directly owns 124,912 shares in the company, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the sale, the chief accounting officer now owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock traded up $0.25 on Tuesday, hitting $28.33. The company's stock had a trading volume of 107,329 shares, compared to its average volume of 1,048,902. 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 1 year low of $22.42 and a 1 year high of $32.90. The firm has a fifty day moving average price of $27.62 and a 200-day moving average price of $28.99. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 14.02 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 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 firm had revenue of $260.08 million during the quarter, compared to analyst estimates of $255.20 million. As a group, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HOMB shares. 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 for the company in a research note on Monday, April 21st. Stephens reiterated an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.