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

Twinbeech Capital LP acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 41,847 shares of the financial services provider's stock, valued at approximately $1,184,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted 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 worth $574,263,000 after acquiring an additional 121,845 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $192,211,000 after acquiring an additional 124,891 shares in the last quarter. Copeland Capital Management LLC boosted 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 worth $92,256,000 after acquiring an additional 19,290 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the fourth 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 purchasing an additional 120,691 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $60,169,000. 67.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HOMB. Wall Street Zen upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada reduced 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. Finally, Stephens restated 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.5%

Shares of NYSE:HOMB traded down $0.15 during midday trading on Friday, hitting $28.06. 603,829 shares of the stock were exchanged, compared to its average volume of 1,015,076. The company has a market capitalization of $5.54 billion, a PE ratio of 13.89 and a beta of 0.79. 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 quick ratio of 0.91 and a current ratio of 0.89. The business's fifty day simple moving average is $27.63 and its two-hundred day simple moving average is $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 return on equity of 10.31% and a net margin of 27.39%. The company had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. As a group, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.10%.

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

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the firm'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 transaction, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This trade represents a 36.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were 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 directly owns 124,912 shares in the company, valued at $3,581,227.04. This trade represents a 5.40% decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Company 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.