AQR Capital Management LLC Sells 143,886 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

AQR Capital Management LLC lowered its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 269,046 shares of the financial services provider's stock after selling 143,886 shares during the period. AQR Capital Management LLC owned 0.14% of Home Bancshares, Inc. (Conway, AR) worth $7,614,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HOMB. Barclays PLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock worth $11,458,000 after purchasing an additional 166,927 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock worth $1,979,000 after purchasing an additional 374 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $40,000. UMB Bank n.a. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after purchasing an additional 777 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 14.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider's stock worth $20,534,000 after purchasing an additional 94,190 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

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

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This represents 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 hyperlink. Also, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction 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 completion of the sale, 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 currently owned by insiders.

Wall Street Analyst Weigh In

HOMB has been the subject of several analyst reports. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Hovde Group cut their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada cut their price objective on shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $32.40.

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

NYSE:HOMB traded up $0.05 during trading hours on Tuesday, hitting $29.62. The stock had a trading volume of 141,296 shares, compared to its average volume of 1,011,612. The company has a 50 day simple moving average of $27.52 and a two-hundred day simple moving average of $28.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a one year low of $22.42 and a one year high of $32.91. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.66 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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.70%. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.10%.

About Home Bancshares, Inc. (Conway, AR)

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.