Sabal Trust CO Sells 2,664 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Sabal Trust CO lowered its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,953 shares of the financial services provider’s stock after selling 2,664 shares during the period. Sabal Trust CO’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HOMB. Blue Trust Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 528 shares during the last quarter. Dakota Wealth Management bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter valued at approximately $208,000. State of Alaska Department of Revenue raised its position in Home Bancshares, Inc. (Conway, AR) by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 1,460 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 115.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider’s stock worth $1,884,000 after purchasing an additional 37,266 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Home Bancshares, Inc. (Conway, AR) by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider’s stock worth $2,763,000 after purchasing an additional 29,171 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John W. Allison purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the acquisition, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HOMB shares. Keefe, Bruyette & Woods boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. 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 restated an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

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

HOMB opened at $29.32 on Thursday. The company has a fifty day moving average price of $29.37 and a two-hundred day moving average price of $28.63. 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. has a 52 week low of $22.38 and a 52 week high of $32.90. The firm has a market capitalization of $5.83 billion, a PE ratio of 14.51 and a beta of 1.10.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.52 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 $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same period in the prior year, the firm posted $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue was up 5.2% on a year-over-year basis. As a group, analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

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.