Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Holdings Reduced by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 24.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,130 shares of the financial services provider's stock after selling 24,895 shares during the quarter. State of Tennessee Department of Treasury's holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth $28,000. Trust Co. of Vermont purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth about $40,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of 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 worth $46,000 after purchasing an additional 530 shares during the period. Parkside Financial Bank & Trust acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $53,000. Finally, UMB Bank n.a. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after buying an additional 777 shares during the period. Hedge funds and other institutional investors own 67.31% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Stock Up 1.9 %

Shares of NYSE:HOMB traded up $0.53 during trading on Friday, hitting $28.57. The company's stock had a trading volume of 787,710 shares, compared to its average volume of 1,022,672. The company has a market capitalization of $5.67 billion, a PE ratio of 14.14 and a beta of 0.93. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock's 50-day moving average price is $27.62 and its two-hundred day moving average price is $28.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced 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 return on equity of 10.31% and a net margin of 27.39%. 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 expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.20 per share. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 38.10%.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other news, CAO Jennifer C. Floyd sold 2,500 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the transaction, the chief accounting officer now directly owns 4,301 shares in the company, valued at approximately $118,062.45. This trade represents a 36.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company's stock.

Analysts Set New Price Targets

HOMB has been the subject of several recent research reports. Hovde Group dropped their price objective on shares of 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 reiterated an "overweight" rating and issued a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday, April 21st. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada decreased their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.40.

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.