Kennedy Capital Management LLC Sells 36,262 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Kennedy Capital Management LLC decreased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,059,383 shares of the financial services provider's stock after selling 36,262 shares during the period. Home Bancshares, Inc. (Conway, AR) accounts for 0.7% of Kennedy Capital Management LLC's investment portfolio, making the stock its 11th biggest holding. Kennedy Capital Management LLC owned approximately 0.53% of Home Bancshares, Inc. (Conway, AR) worth $29,981,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $28,000. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $40,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after buying an additional 530 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $53,000. Finally, UMB Bank n.a. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 63.6% during 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. Institutional investors own 67.31% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on HOMB. Hovde Group lowered their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, Stephens reissued an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $32.00.

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

In related news, CEO John W. Allison purchased 10,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.30% of the stock is owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.5 %

Shares of HOMB stock traded up $0.39 during trading hours on Tuesday, hitting $26.17. 236,651 shares of the company were exchanged, compared to its average volume of 1,017,557. The company has a market capitalization of $5.20 billion, a PE ratio of 12.96 and a beta of 0.93. 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 52 week low of $22.38 and a 52 week high of $32.91. The business has a 50 day moving average of $28.43 and a two-hundred day moving average of $28.81.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. Analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

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.