Teacher Retirement System of Texas Has $1.33 Million Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Teacher Retirement System of Texas lowered its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 43.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,505 shares of the financial services provider's stock after selling 41,099 shares during the period. Teacher Retirement System of Texas' holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Simmons Bank acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $241,000. Charles Schwab Investment Management Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,561,671 shares of the financial services provider's stock worth $39,557,000 after purchasing an additional 21,894 shares during the last quarter. Ifrah Financial Services Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $226,000. M&T Bank Corp lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 6.6% during the 4th quarter. M&T Bank Corp now owns 13,185 shares of the financial services provider's stock worth $334,000 after purchasing an additional 822 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 325.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider's stock worth $43,000 after purchasing an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HOMB. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Monday, May 13th. Stephens boosted their price objective on Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an "overweight" rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Hold" and an average price target of $26.00.

Insider Activity

In other news, Director Donna Townsell sold 22,729 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Donna Townsell sold 22,729 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the sale, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 2,333 shares of the company's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the completion of the sale, the chief accounting officer now owns 1,000 shares in the company, valued at $24,530. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,606 shares of company stock worth $1,101,008. Company insiders own 7.66% of the company's stock.

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

Home Bancshares, Inc. (Conway, AR) stock traded down $0.63 during trading hours on Monday, hitting $24.09. The stock had a trading volume of 838,802 shares, compared to its average volume of 959,686. The company has a 50-day moving average of $23.96 and a two-hundred day moving average of $23.71. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.83 billion, a PE ratio of 12.42 and a beta of 1.09. Home Bancshares, Inc. has a fifty-two week low of $19.61 and a fifty-two week high of $25.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The firm had revenue of $246.40 million during the quarter, compared to analysts' expectations of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The company's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 1.93 EPS for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.99%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 37.11%.

Home Bancshares, Inc. (Conway, AR) 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.