Home BancShares, Inc. (NYSE:HOMB) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 44.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,970 shares of the financial services provider's stock after selling 44,939 shares during the period. Teacher Retirement System of Texas' holdings in Home BancShares were worth $1,611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Home BancShares during the fourth quarter worth about $28,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Home BancShares by 48.2% during the fourth 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 last quarter. GAMMA Investing LLC grew its holdings in shares of Home BancShares by 60.8% during the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock worth $74,000 after buying an additional 995 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Home BancShares by 32.4% during the first 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 last quarter. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Home BancShares during the fourth quarter worth about $85,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Home BancShares Trading Down 1.3%

HOMB stock opened at $29.37 on Friday. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 13.99 and a beta of 0.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $28.61 and a 200-day simple moving average of $28.54. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $32.91.

Home BancShares (NYSE:HOMB - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. On average, equities research analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were given a $0.20 dividend. This is a boost from Home BancShares's previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Wednesday, May 14th. Home BancShares's dividend payout ratio is presently 38.10%.

Insider Buying and Selling 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 shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the transaction, the chief accounting officer owned 4,301 shares of the company's stock, valued at approximately $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kevin Hester sold 7,128 shares of the 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 transaction, the insider directly owned 124,912 shares in the company, valued at $3,581,227.04. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,787 shares of company stock valued at $937,840 in the last ninety days. Insiders own 6.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Home BancShares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and issued a $33.00 price objective on shares of Home BancShares in a report on Monday, April 21st. Finally, Royal Bank Of Canada lowered their price objective on Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.40.

About Home BancShares

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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