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

Teacher Retirement System of Texas lowered its position in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 44.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

Other hedge funds also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. raised its holdings in Home BancShares by 5.1% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 42,532 shares of the financial services provider's stock worth $1,202,000 after purchasing an additional 2,046 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Home BancShares by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock valued at $612,000 after buying an additional 575 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Home BancShares by 12.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider's stock valued at $522,000 after purchasing an additional 2,096 shares in the last quarter. Everhart Financial Group Inc. increased its stake in shares of Home BancShares by 11.7% in the first quarter. Everhart Financial Group Inc. now owns 22,407 shares of the financial services provider's stock worth $633,000 after purchasing an additional 2,349 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Home BancShares by 60.5% during the 1st quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 1,307 shares during the period. Hedge funds and other institutional investors own 67.31% of the company's stock.

Insider Buying and Selling

In other Home BancShares 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 transaction of $68,625.00. Following the sale, the chief accounting officer directly owned 4,301 shares of the company's stock, valued at approximately $118,062.45. This trade represents a 36.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Stephen Tipton sold 24,159 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $27.52, for a total value of $664,855.68. Following the sale, the chief executive officer directly owned 53,308 shares in the company, valued at approximately $1,467,036.16. This trade represents a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,787 shares of company stock worth $937,840 in the last ninety days. 6.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HOMB has been the topic of several research analyst reports. Stephens restated an "overweight" rating and issued a $33.00 price objective on shares of Home BancShares in a research report on Monday, April 21st. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Royal Bank Of Canada lowered their target price on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Home BancShares currently has an average rating of "Moderate Buy" and a consensus target price of $32.40.

Home BancShares Stock Down 2.7%

NYSE HOMB traded down $0.80 during trading on Tuesday, reaching $28.72. 626,803 shares of the company's stock traded hands, compared to its average volume of 1,008,344. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of 13.71 and a beta of 0.79. The company's 50 day simple moving average is $28.61 and its two-hundred day simple moving average is $28.54. 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, Inc. has a 12-month low of $24.22 and a 12-month high of $32.91.

Home BancShares (NYSE:HOMB - Get Free Report) last posted 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. As a group, sell-side analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders 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. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.79%. Home BancShares's dividend payout ratio (DPR) is presently 38.10%.

Home BancShares 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.