Handelsinvest Investeringsforvaltning Has $315,000 Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Handelsinvest Investeringsforvaltning cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 34.2% during the first quarter, Holdings Channel.com reports. The firm owned 12,833 shares of the financial services provider’s stock after selling 6,662 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $54,498,000. International Assets Investment Management LLC increased its holdings in Home Bancshares, Inc. (Conway, AR) by 2,433.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,216,752 shares of the financial services provider’s stock worth $30,820,000 after buying an additional 1,168,716 shares during the last quarter. Wellington Management Group LLP increased its holdings in 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 worth $84,615,000 after buying an additional 590,301 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Home Bancshares, Inc. (Conway, AR) by 8.5% during 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 purchasing an additional 432,091 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in 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 worth $53,363,000 after purchasing an additional 203,566 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.5 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $23.70 on Thursday. The firm has a 50-day moving average of $23.77 and a 200-day moving average of $23.89. The stock has a market cap of $4.75 billion, a PE ratio of 12.22 and a beta of 1.07. Home Bancshares, Inc. has a 52-week low of $19.61 and a 52-week high of $25.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.90 and a current ratio of 0.90.

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

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were given 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 dividend yield of 3.04%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 37.11%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HOMB. StockNews.com cut shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Saturday, June 22nd. Stephens lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and an average target price of $26.00.

Insider Activity

In related news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $24.52, for a total transaction of $503,738.88. Following the completion of the sale, the chief financial officer now owns 89,192 shares of the company’s stock, valued at $2,186,987.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The disclosure for this sale can be found here. 7.66% of the stock is currently owned by company insiders.

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.