Price T Rowe Associates Inc. MD Has $3.95 Million Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Price T Rowe Associates Inc. MD reduced its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 64.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,624 shares of the financial services provider's stock after selling 255,328 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.07% of Home Bancshares, Inc. (Conway, AR) worth $3,952,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $722,000. Charles Schwab Investment Management Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after purchasing an additional 120,691 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after purchasing an additional 324,664 shares in the last quarter. Amarillo National Bank increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% during the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after acquiring an additional 60,000 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 22.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 385,271 shares of the financial services provider's stock valued at $10,714,000 after buying an additional 69,892 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction that occurred on 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Home Bancshares, Inc. (Conway, AR) Stock Performance

Shares of HOMB traded up $0.01 during mid-day trading on Wednesday, hitting $28.22. The company's stock had a trading volume of 600,928 shares, compared to its average volume of 1,017,855. Home Bancshares, Inc. has a one year low of $22.42 and a one year high of $32.91. The stock's 50-day moving average is $27.58 and its two-hundred day moving average is $28.88. The firm has a market capitalization of $5.60 billion, a PE ratio of 13.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89.

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

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

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

About Home Bancshares, Inc. (Conway, AR)

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.