Kwmg LLC Grows Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Kwmg LLC lifted 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 firm owned 242,958 shares of the financial services provider’s stock after buying an additional 4,877 shares during the period. Kwmg LLC owned approximately 0.12% of Home Bancshares, Inc. (Conway, AR) worth $5,969,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HOMB. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $2,478,000. Norges Bank purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $54,498,000. Louisiana State Employees Retirement System purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $1,335,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $1,257,000. Finally, UBS Group AG grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 56.5% during the 4th quarter. UBS Group AG now owns 285,043 shares of the financial services provider’s stock valued at $7,220,000 after acquiring an additional 102,907 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.2 %

HOMB stock traded up $0.04 during mid-day trading on Wednesday, reaching $23.36. The company had a trading volume of 763,116 shares, compared to its average volume of 940,273. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $4.68 billion, a PE ratio of 11.97 and a beta of 1.08. The firm has a 50 day moving average of $23.79 and a 200 day moving average of $23.92. Home Bancshares, Inc. has a 12 month low of $19.61 and a 12 month high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its 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 net margin of 28.17% and a return on equity of 10.52%. The business had revenue of $246.40 million for the quarter, compared to the consensus estimate of $240.46 million. During the same period in the prior year, the firm earned $0.54 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, equities analysts predict that Home Bancshares, Inc. will post 1.97 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders 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 dividend yield of 3.08%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 37.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Stephens increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and an average target price of $26.00.

Insider Buying and Selling

In other news, CFO Brian Davis sold 20,544 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Thursday, April 25th. The shares were 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 in the company, valued at $2,186,987.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Jennifer C. Floyd sold 2,333 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares in the company, valued at $24,530. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Davis sold 20,544 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $24.52, for a total value 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 disclosure for this sale can be found here. 7.66% of the stock is currently owned by corporate 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.