Point72 Asset Management L.P. Has $11.13 Million Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Point72 Asset Management L.P. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1,545.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 393,171 shares of the financial services provider’s stock after buying an additional 369,271 shares during the quarter. Point72 Asset Management L.P.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $11,127,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its holdings 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 purchasing an additional 166,927 shares during the last quarter. Trust Co. of Vermont bought a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $40,000. UMB Bank n.a. lifted its holdings 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 buying an additional 777 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 14.9% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 725,572 shares of the financial services provider’s stock worth $20,534,000 after buying an additional 94,190 shares in the last quarter. Finally, Dakota Wealth Management boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 18.8% in the fourth quarter. Dakota Wealth Management now owns 9,114 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 1,443 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 7,128 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 124,912 shares in the company, valued at approximately $3,581,227.04. This trade 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 can be accessed through this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now 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 disclosure for this sale can be found here. 6.30% of the stock is currently owned by insiders.

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

HOMB opened at $29.33 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 52-week low of $22.42 and a 52-week high of $32.91. The firm has a market cap of $5.79 billion, a P/E ratio of 14.52 and a beta of 0.79. The business’s fifty day moving average is $27.60 and its 200-day moving average is $29.00.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its 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%. Sell-side analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a dividend of $0.20 per share. This is an increase from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HOMB shares. Royal Bank of Canada lowered their price target 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. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. Finally, Stephens reaffirmed an “overweight” rating and set a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.40.

Home Bancshares, Inc. (Conway, AR) Company 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.