Financial Management Professionals Inc. Reduces Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Financial Management Professionals Inc. lessened its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 4.8% in the first quarter, Holdings Channel reports. The fund owned 85,595 shares of the financial services provider’s stock after selling 4,305 shares during the quarter. Financial Management Professionals Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,420,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Kwmg LLC boosted its position in Home Bancshares, Inc. (Conway, AR) by 0.3% in the first quarter. Kwmg LLC now owns 242,066 shares of the financial services provider’s stock worth $6,843,000 after purchasing an additional 627 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 4,445.3% in the 1st quarter. GAMMA Investing LLC now owns 74,407 shares of the financial services provider’s stock worth $21,030,000 after purchasing an additional 72,770 shares during the period. 111 Capital purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth approximately $255,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 7.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,355 shares of the financial services provider’s stock worth $463,000 after buying an additional 1,093 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at approximately $2,057,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insider Activity

In related news, insider Kevin Hester sold 7,128 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of the transaction, the insider now owns 124,912 shares in the company, valued at approximately $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 4,301 shares of the company’s stock, valued at $118,062.45. The trade was a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HOMB. Wall Street Zen raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Royal Bank of Canada reduced their price objective on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a “sector perform” rating for the company in a research note on Monday, April 21st. Finally, Stephens reaffirmed an “overweight” rating and issued a $33.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

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

NYSE HOMB opened at $28.36 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 stock has a market cap of $5.60 billion, a price-to-earnings ratio of 14.04 and a beta of 0.79. The company’s 50 day moving average is $27.61 and its two-hundred day moving average is $28.90.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings data 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. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm had revenue of $260.08 million for the quarter, compared to the consensus estimate of $255.20 million. As a group, research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a yield of 2.82%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 38.10%.

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.