Jane Street Group LLC Reduces Stock Position 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 its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,513 shares of the financial services provider's stock after selling 87,721 shares during the quarter. 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 quarter.

Several other hedge funds have also bought and sold shares of HOMB. Harbor Capital Advisors Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during 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 purchasing an additional 374 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 2.1% in the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock worth $568,000 after acquiring an additional 409 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after acquiring an additional 530 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after acquiring an additional 540 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock worth $894,000 after purchasing an additional 748 shares during the last quarter. Institutional investors own 67.31% of the company's stock.

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

Shares of HOMB stock traded down $0.13 during trading hours on Friday, reaching $29.26. The company had a trading volume of 117,457 shares, compared to its average volume of 1,074,116. 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 business has a fifty day moving average price of $27.57 and a 200-day moving average price of $28.97. Home Bancshares, Inc. has a one year low of $22.42 and a one year high of $32.90. The firm has a market cap of $5.78 billion, a PE ratio of 14.48 and a beta of 0.79.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $255.20 million. Sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given 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. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.73%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.10%.

Analyst Ratings Changes

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

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

In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 7,128 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction on 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 sale, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. This represents a 36.76% decrease in their position. The disclosure for this sale can be found here. Insiders own 6.30% of the company's stock.

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.