Northern Trust Corp Sells 72,388 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Northern Trust Corp cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,003,959 shares of the financial services provider's stock after selling 72,388 shares during the period. Northern Trust Corp owned approximately 1.51% of Home Bancshares, Inc. (Conway, AR) worth $85,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider's stock worth $1,979,000 after buying an additional 374 shares during the period. Everhart Financial Group Inc. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% in the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider's stock worth $568,000 after purchasing an additional 409 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 48.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 530 shares during the period. Pacer Advisors Inc. increased its position in Home Bancshares, Inc. (Conway, AR) by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider's stock worth $783,000 after buying an additional 540 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock valued at $894,000 after acquiring an additional 748 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.0 %

Shares of NYSE:HOMB traded up $0.01 during trading on Wednesday, hitting $28.22. 600,928 shares of the company's stock traded hands, compared to its average volume of 1,017,855. The company has a 50-day moving average price of $27.58 and a 200-day moving average price of $28.88. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 52 week low of $22.42 and a 52 week high of $32.91. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 13.97 and a beta of 0.79.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The firm had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. As a group, research analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.83%. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.10%.

Insider Buying and Selling

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the firm's 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 completion of the sale, the chief accounting officer now directly owns 4,301 shares in the company, valued at $118,062.45. This trade represents a 36.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 6.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Hovde Group reduced their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Stephens reiterated an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday, April 21st. Finally, Royal Bank of Canada reduced their price target on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

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.