Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. trimmed its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 83.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,715 shares of the financial services provider's stock after selling 82,003 shares during the period. Graham Capital Management L.P.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $473,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $722,000. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $61,322,000 after purchasing an additional 120,691 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after purchasing an additional 324,664 shares in the last quarter. Amarillo National Bank lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% during the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 22.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock worth $10,714,000 after purchasing an additional 69,892 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HOMB. Stephens restated an "overweight" rating and set a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Royal Bank of Canada dropped their target price 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 report on Monday, April 21st. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. 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, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.40.

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

Home Bancshares, Inc. (Conway, AR) stock traded down $0.12 during midday trading on Monday, hitting $29.20. 694,585 shares of the company were exchanged, compared to its average volume of 1,016,374. The business has a fifty day simple moving average of $27.60 and a two-hundred day simple moving average of $29.00. 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 market capitalization of $5.77 billion, a PE ratio of 14.46 and a beta of 0.79. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91.

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, 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. On average, sell-side analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently announced 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. 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 dividend yield of 2.74%. The ex-dividend date of this dividend is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 38.10%.

Insider Transactions 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 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 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 filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $204,359.76. Following the sale, the insider now owns 124,912 shares of the company's stock, valued at $3,581,227.04. The trade was a 5.40% 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) 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.