Wealth Enhancement Advisory Services LLC Has $463,000 Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Wealth Enhancement Advisory Services LLC grew its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,355 shares of the financial services provider’s stock after purchasing an additional 1,093 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $722,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock valued at $61,322,000 after acquiring an additional 120,691 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock valued at $59,160,000 after purchasing an additional 324,664 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 22.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider’s stock worth $10,714,000 after purchasing an additional 69,892 shares during the last quarter. Finally, Amarillo National Bank grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% in the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider’s stock worth $2,932,000 after purchasing an additional 60,000 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, insider Kevin Hester sold 7,128 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of the sale, the insider now directly 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 can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 4,301 shares in the company, 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.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.7%

Shares of NYSE HOMB opened at $28.21 on Friday. Home Bancshares, Inc. has a 12-month low of $22.49 and a 12-month high of $32.91. The firm’s 50-day simple moving average is $27.80 and its 200 day simple moving average is $28.78. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 13.97 and a beta of 0.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. On average, research analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.84%. The ex-dividend date was Wednesday, May 14th. This is a boost from Home Bancshares, Inc. (Conway, AR)’s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.10%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HOMB. 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 report on Monday, April 21st. 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. Finally, Stephens reissued 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Home Bancshares, Inc. (Conway, AR) has an average rating of “Moderate Buy” and an average target price of $32.40.

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.