T. Rowe Price Investment Management Inc. Has $232.28 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

T. Rowe Price Investment Management Inc. lessened its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,207,877 shares of the financial services provider's stock after selling 152,813 shares during the period. T. Rowe Price Investment Management Inc. owned about 4.13% of Home Bancshares, Inc. (Conway, AR) worth $232,283,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of the business'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 owns 4,301 shares of the company's stock, valued at $118,062.45. The trade was a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by insiders.

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

Shares of NYSE HOMB traded down $0.00 during trading on Tuesday, hitting $27.90. 213,934 shares of the company were exchanged, compared to its average volume of 1,016,960. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 13.78 and a beta of 0.93. Home Bancshares, Inc. has a 1 year low of $22.42 and a 1 year high of $32.91. The firm's fifty day moving average price is $27.73 and its 200 day moving average price is $28.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $260.08 million for the quarter, compared to analyst estimates of $255.20 million. On average, sell-side analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Wednesday, May 14th. This is an increase from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.10%.

Analyst Ratings Changes

A number of research firms have weighed in on HOMB. Royal Bank of Canada lowered their price objective on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Monday, April 21st. Hovde Group reduced their target price on 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. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Stephens reiterated an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.