Amarillo National Bank Reduces Stock Position in Home BancShares, Inc. (NYSE:HOMB)

Amarillo National Bank lowered its holdings in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 17.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,558 shares of the financial services provider's stock after selling 18,062 shares during the quarter. Home BancShares accounts for 0.5% of Amarillo National Bank's portfolio, making the stock its 28th biggest holding. Amarillo National Bank's holdings in Home BancShares were worth $2,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Home BancShares by 48.2% in the 4th 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 during the period. State of Alaska Department of Revenue lifted its holdings in shares of Home BancShares by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock worth $612,000 after buying an additional 575 shares during the period. Kwmg LLC lifted its holdings in shares of Home BancShares by 0.3% in the 1st 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 during the period. UMB Bank n.a. lifted its holdings in shares of Home BancShares by 32.4% in the 1st quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock worth $75,000 after buying an additional 647 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Home BancShares by 2.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock worth $894,000 after buying an additional 748 shares during the period. 67.31% of the stock is owned by institutional investors.

Home BancShares Trading Up 0.2%

Shares of NYSE:HOMB opened at $27.62 on Monday. The business's 50-day moving average is $28.03 and its 200 day moving average is $28.58. Home BancShares, Inc. has a 1 year low of $23.14 and a 1 year high of $32.91. The firm has a market capitalization of $5.45 billion, a P/E ratio of 13.15 and a beta of 0.80. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. The company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. On average, research analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a dividend of $0.20 per share. This is a positive change from Home BancShares's previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, May 14th. Home BancShares's dividend payout ratio is currently 38.10%.

Analysts Set New Price Targets

Several research analysts have recently commented on HOMB shares. Stephens reissued an "overweight" rating and issued a $33.00 price target on shares of Home BancShares in a research report on Monday, April 21st. Wall Street Zen raised Home BancShares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada reduced their price target on Home BancShares from $33.00 to $31.00 and set a "sector perform" rating for the company in a research report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

Insider Activity at Home BancShares

In other news, 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 value of $68,625.00. Following the transaction, the chief accounting officer now directly owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This represents a 36.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin Hester sold 7,128 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.67, for a total value of $204,359.76. Following the completion of the transaction, the insider now directly owns 124,912 shares in the company, valued at $3,581,227.04. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,787 shares of company stock valued at $937,840 in the last ninety days. Corporate insiders own 6.30% of the company's stock.

Home BancShares 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.

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