First Trust Advisors LP Boosts Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

First Trust Advisors LP raised its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 316,095 shares of the financial services provider's stock after buying an additional 31,160 shares during the quarter. First Trust Advisors LP owned about 0.16% of Home Bancshares, Inc. (Conway, AR) worth $8,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $722,000. Charles Schwab Investment Management Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after purchasing an additional 120,691 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in 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 during the period. Amarillo National Bank raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% in the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock worth $2,932,000 after buying an additional 60,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock valued at $10,714,000 after buying an additional 69,892 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Insider Activity 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 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 $118,062.45. This represents a 36.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on HOMB. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Hovde Group lowered their target price on shares of 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. Stephens reissued an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, Royal Bank of Canada lowered their price objective 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

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

Shares of HOMB stock traded up $0.53 during trading hours on Friday, hitting $28.57. 787,710 shares of the company's stock were exchanged, compared to its average volume of 1,022,672. The company has a market capitalization of $5.67 billion, a PE ratio of 14.14 and a beta of 0.93. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 12-month low of $22.42 and a 12-month high of $32.91. The business's 50 day simple moving average is $27.62 and its 200-day simple moving average is $28.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its 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 company had revenue of $260.08 million for 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%. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business 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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 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.