Jane Street Group LLC Decreases Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Jane Street Group LLC lowered its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,513 shares of the financial services provider's stock after selling 87,721 shares during the period. Jane Street Group LLC owned about 0.08% of Home Bancshares, Inc. (Conway, AR) worth $4,288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $28,000. Trust Co. of Vermont purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $40,000. Nomura Asset Management Co. Ltd. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 48.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after buying an additional 530 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $53,000. Finally, UMB Bank n.a. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock worth $57,000 after acquiring an additional 777 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HOMB shares. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada dropped their price objective 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. Hovde Group reduced their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research note on Friday, January 17th. Finally, Stephens restated an "overweight" rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In related 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 value of $68,625.00. Following the transaction, the chief accounting officer now owns 4,301 shares in the company, valued at $118,062.45. The trade was a 36.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the sale, the insider now owns 124,912 shares of the company's stock, valued at approximately $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.30% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.1%

Shares of HOMB traded up $0.03 on Tuesday, reaching $29.60. The stock had a trading volume of 706,281 shares, compared to its average volume of 1,015,379. 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 12-month low of $22.42 and a 12-month high of $32.91. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 14.65 and a beta of 0.79. The company has a 50-day simple moving average of $27.52 and a 200-day simple moving average of $28.95.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced 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 business had revenue of $260.08 million during 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%. Sell-side analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.20 per share. 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 38.10%.

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.