Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Stake Reduced by Securian Asset Management Inc.

Securian Asset Management Inc. cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,976 shares of the financial services provider’s stock after selling 464 shares during the quarter. Securian Asset Management Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $396,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in 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 worth $59,160,000 after purchasing an additional 324,664 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth about $5,656,000. Barclays PLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 65.2% in the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider’s stock worth $11,458,000 after purchasing an additional 166,927 shares in the last quarter. Hodges Capital Management Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 57.1% in the 4th quarter. Hodges Capital Management Inc. now owns 393,200 shares of the financial services provider’s stock worth $11,127,000 after purchasing an additional 142,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Home Bancshares, Inc. (Conway, AR) by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after purchasing an additional 134,741 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In related news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the acquisition, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.66% of the stock is currently owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.6 %

NYSE:HOMB opened at $28.38 on Wednesday. The stock has a market cap of $5.63 billion, a PE ratio of 14.05 and a beta of 1.08. The stock’s 50-day moving average is $29.52 and its two-hundred day moving average is $28.83. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. As a group, equities research analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.75%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Hovde Group dropped their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Keefe, Bruyette & Woods lifted their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens reaffirmed an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.00.

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.