Harbor Capital Advisors Inc. Purchases 3,225 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Harbor Capital Advisors Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 4.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,139 shares of the financial services provider’s stock after acquiring an additional 3,225 shares during the period. Harbor Capital Advisors Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,068,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HOMB. Everhart Financial Group Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% in the 4th quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock worth $568,000 after purchasing an additional 409 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in 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 worth $46,000 after buying an additional 530 shares in the last quarter. Kwmg LLC boosted its stake 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 buying an additional 627 shares in the last quarter. UMB Bank n.a. grew its position in Home Bancshares, Inc. (Conway, AR) by 32.4% during the first quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 647 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider’s stock worth $894,000 after acquiring an additional 748 shares in the last quarter. Institutional investors own 67.31% of the company’s stock.

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

NYSE:HOMB opened at $28.38 on Thursday. 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 fifty-two week low of $22.49 and a fifty-two week high of $32.91. The firm has a market cap of $5.60 billion, a PE ratio of 14.05 and a beta of 0.80. The business has a 50 day moving average price of $27.73 and a 200-day moving average price of $28.81.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to analysts’ expectations of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Equities research analysts predict 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 was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were given a dividend of $0.20 per share. This is a positive change from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, May 14th. 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 is presently 38.10%.

Wall Street Analyst Weigh In

HOMB has been the subject of a number of research reports. Wall Street Zen raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Thursday, April 24th. Stephens reissued an “overweight” rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Monday, April 21st. Finally, Royal Bank of Canada cut their price target 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 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, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Moderate Buy” and an average price target of $32.40.

Insiders Place Their Bets

In other news, insider Kevin Hester sold 7,128 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the sale, the insider now owns 124,912 shares of the company’s stock, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was 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 directly owns 4,301 shares of the company’s stock, valued at approximately $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.

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.