Kwmg LLC Buys 4,877 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Kwmg LLC increased its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,958 shares of the financial services provider’s stock after purchasing an additional 4,877 shares during the period. Kwmg LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $5,969,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Home Bancshares, Inc. (Conway, AR) by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,496,911 shares of the financial services provider’s stock worth $139,240,000 after buying an additional 432,091 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 21.5% during the fourth quarter. Wellington Management Group LLP now owns 3,340,511 shares of the financial services provider’s stock valued at $84,615,000 after purchasing an additional 590,301 shares during the period. Norges Bank purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $54,498,000. Goldman Sachs Group Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 10.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,106,693 shares of the financial services provider’s stock valued at $53,363,000 after purchasing an additional 203,566 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,561,671 shares of the financial services provider’s stock valued at $39,557,000 after purchasing an additional 21,894 shares during the period. 67.31% of the stock is currently owned by institutional investors.

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

NYSE HOMB traded up $0.04 during trading hours on Wednesday, hitting $23.36. The company’s stock had a trading volume of 763,116 shares, compared to its average volume of 940,273. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $25.80. The company’s 50 day simple moving average is $23.79 and its two-hundred day simple moving average is $23.92. The company has a market cap of $4.68 billion, a P/E ratio of 11.97 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The company had revenue of $246.40 million for the quarter, compared to analysts’ expectations of $240.46 million. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that Home Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a yield of 3.08%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HOMB. Stephens increased their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. StockNews.com lowered Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Hold” and an average target price of $26.00.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total value of $503,738.88. Following the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Brian Davis sold 20,544 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $24.52, for a total transaction of $503,738.88. Following the transaction, the chief financial officer now owns 89,192 shares of the company’s stock, valued at approximately $2,186,987.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jennifer C. Floyd sold 2,333 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares in the company, valued at approximately $24,530. The disclosure for this sale can be found here. Corporate insiders own 7.66% 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.