Voloridge Investment Management LLC Decreases Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Voloridge Investment Management LLC trimmed its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 48.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,533 shares of the financial services provider's stock after selling 60,384 shares during the period. Voloridge Investment Management LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HOMB. Norges Bank acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $60,169,000. Boston Partners purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $27,825,000. Point72 Asset Management L.P. grew its position in Home Bancshares, Inc. (Conway, AR) by 1,545.1% during the 4th quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider's stock worth $11,127,000 after purchasing an additional 369,271 shares during the period. Fisher Asset Management LLC raised its stake 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 valued at $59,160,000 after buying an additional 324,664 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 24.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider's stock valued at $36,375,000 after buying an additional 250,703 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock traded down $0.20 on Monday, hitting $28.09. The company's stock had a trading volume of 537,414 shares, compared to its average volume of 1,009,682. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 13.91 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. 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 fifty day moving average price of $27.62 and a 200-day moving average price of $28.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The company had revenue of $260.08 million for the quarter, compared to analyst estimates 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, 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 business also recently declared 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. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. This is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 38.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HOMB. 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. Stephens restated an "overweight" rating and issued 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 dropped their price objective on shares of 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Insider Buying and Selling

In related news, CAO Jennifer C. Floyd sold 2,500 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin Hester sold 7,128 shares of the 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 transaction, the insider now directly owns 124,912 shares of the company's stock, valued at $3,581,227.04. The trade was a 5.40% 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) 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.