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

First Trust Advisors LP grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 316,095 shares of the financial services provider's stock after acquiring 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HOMB. Aster Capital Management DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $28,000. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $40,000. Nomura Asset Management Co. Ltd. boosted its position in shares of 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 worth $46,000 after purchasing an additional 530 shares during the period. Parkside Financial Bank & Trust acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $53,000. Finally, UMB Bank n.a. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.9 %

Shares of HOMB traded up $0.53 on Friday, hitting $28.57. 787,710 shares of the stock traded hands, compared to its average volume of 1,020,418. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.91. The firm has a market capitalization of $5.67 billion, a P/E ratio of 14.14 and a beta of 0.93. The stock's 50 day moving average is $27.63 and its two-hundred day moving average is $28.84. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

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 earnings per share for the quarter, topping 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 business had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. As a group, sell-side analysts predict 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 disclosed 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 represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Wednesday, May 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.10%.

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

In related news, CAO Jennifer C. Floyd sold 2,500 shares of the firm'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 of the company's stock, valued at approximately $118,062.45. This trade represents a 36.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.30% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HOMB. Royal Bank of Canada reduced their target price 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 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. Stephens reiterated 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. Finally, Hovde Group decreased their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.40.

Home Bancshares, Inc. (Conway, AR) 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.