Snowden Capital Advisors LLC Increases Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Snowden Capital Advisors LLC increased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,709 shares of the financial services provider’s stock after acquiring an additional 1,539 shares during the period. Snowden Capital Advisors LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $614,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $28,000. Trust Co. of Vermont purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $40,000. Nomura Asset Management Co. Ltd. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 48.2% in the 4th 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. Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $53,000. Finally, UMB Bank n.a. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 63.6% in the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 777 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.4%

NYSE:HOMB opened at $29.09 on Wednesday. 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 company has a market cap of $5.74 billion, a PE ratio of 14.40 and a beta of 0.79. The company has a 50 day simple moving average of $27.65 and a two-hundred day simple moving average of $29.01.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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. 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 the consensus estimate of $255.20 million. Research analysts forecast 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. 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 2.75%. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is 38.10%.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report 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. Finally, Royal Bank of Canada cut 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 research report on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.40.

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

In other 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 value of $204,359.76. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the company’s stock in a transaction on Wednesday, April 23rd. The stock was 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 of the company’s stock, valued at $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by company 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.