Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Position Trimmed by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 30.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,074 shares of the financial services provider's stock after selling 93,661 shares during the period. Great Lakes Advisors LLC owned 0.11% of Home Bancshares, Inc. (Conway, AR) worth $5,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2,433.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider's stock worth $30,820,000 after acquiring an additional 1,168,716 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth approximately $18,429,000. Dimensional Fund Advisors LP raised its holdings in Home Bancshares, Inc. (Conway, AR) by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider's stock valued at $139,240,000 after acquiring an additional 432,091 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 32.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 456,872 shares of the financial services provider's stock valued at $9,567,000 after acquiring an additional 111,393 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 156.1% during the 3rd quarter. UBS Group AG now owns 182,136 shares of the financial services provider's stock worth $3,814,000 after purchasing an additional 111,027 shares during the period. Hedge funds and other institutional investors own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.3 %

NYSE:HOMB traded up $0.07 on Friday, hitting $24.72. 614,544 shares of the stock were exchanged, compared to its average volume of 865,057. The stock has a fifty day moving average of $23.96 and a 200-day moving average of $23.69. The stock has a market cap of $4.95 billion, a PE ratio of 12.74 and a beta of 1.09. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.46. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. The firm had revenue of $246.40 million during the quarter, compared to the consensus estimate of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The company's revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, equities analysts expect that Home Bancshares, Inc. will post 1.93 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 37.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HOMB shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. Stephens increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) presently has an average rating of "Hold" and a consensus target price of $26.00.

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

In related news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Brian Davis sold 20,544 shares of the company's stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value of $503,738.88. Following the completion of the transaction, the chief financial officer now directly owns 89,192 shares in the company, valued at $2,186,987.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jennifer C. Floyd sold 2,333 shares of the firm's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company's stock, valued at $24,530. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,606 shares of company stock worth $1,101,008. 7.66% of the stock is currently owned by corporate insiders.

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.