Lazard Asset Management LLC Decreases Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Lazard Asset Management LLC cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 241,385 shares of the financial services provider's stock after selling 19,601 shares during the quarter. Lazard Asset Management LLC owned 0.12% of Home Bancshares, Inc. (Conway, AR) worth $6,831,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC increased its stake in 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 buying an additional 166,927 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $40,000. UMB Bank n.a. increased its position in shares of 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. Fort Washington Investment Advisors Inc. OH raised its stake in Home Bancshares, Inc. (Conway, AR) by 14.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider's stock valued at $20,534,000 after purchasing an additional 94,190 shares during the last quarter. Finally, Dakota Wealth Management lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 18.8% in the 4th quarter. Dakota Wealth Management now owns 9,114 shares of the financial services provider's stock valued at $258,000 after purchasing an additional 1,443 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.0%

HOMB stock traded up $0.01 during trading on Tuesday, reaching $29.22. 86,155 shares of the stock were exchanged, compared to its average volume of 1,012,712. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 14.46 and a beta of 0.79. The business has a 50 day moving average price of $27.62 and a 200-day moving average price of $29.01. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released 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. The firm had revenue of $260.08 million for the quarter, compared to analyst estimates 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, research 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 firm also recently declared 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 annualized dividend and a dividend yield of 2.74%. The ex-dividend date 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 dividend payout ratio is 38.10%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HOMB. Royal Bank of Canada dropped their target price 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. 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. Finally, Stephens reissued an "overweight" rating and issued a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.40.

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

In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 7,128 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the transaction, the insider now directly owns 124,912 shares in the company, valued at $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the completion of the sale, the chief accounting officer now owns 4,301 shares in the company, valued at $118,062.45. This represents a 36.76% decrease in their position. The disclosure for this sale can be found here. Company 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.