Dimensional Fund Advisors LP Increases Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Dimensional Fund Advisors LP increased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,791,837 shares of the financial services provider's stock after purchasing an additional 124,891 shares during the quarter. Dimensional Fund Advisors LP owned 3.42% of Home Bancshares, Inc. (Conway, AR) worth $192,211,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% in the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock valued at $11,458,000 after purchasing an additional 166,927 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the third quarter valued at about $254,000. Central Pacific Bank Trust Division grew its position in Home Bancshares, Inc. (Conway, AR) by 13.3% in the fourth quarter. Central Pacific Bank Trust Division now owns 6,640 shares of the financial services provider's stock valued at $188,000 after acquiring an additional 780 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock valued at $1,979,000 after acquiring an additional 374 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 67.31% of the company's stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, 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 sale, the chief accounting officer now owns 4,301 shares of the company's stock, valued at approximately $118,062.45. The trade was a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.30% of the company's stock.

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

Shares of NYSE HOMB traded down $0.15 during midday trading on Tuesday, reaching $27.75. The stock had a trading volume of 146,345 shares, compared to its average volume of 1,016,715. The company's 50 day moving average price is $27.73 and its 200 day moving average price is $28.85. 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 twelve month low of $22.42 and a twelve month high of $32.91. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 13.75 and a beta of 0.93.

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 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to analysts' expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. As a group, sell-side analysts expect that Home Bancshares, Inc. will post 2.19 EPS 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. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.80 annualized dividend and a dividend yield of 2.88%. 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%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HOMB. Hovde Group decreased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Stephens reiterated an "overweight" rating and set a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank of Canada lowered 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

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.