Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,454 shares of the financial services provider’s stock after selling 3,720 shares during the period. Mutual of America Capital Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $9,012,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $53,000. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 777 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $60,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth approximately $76,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NYSE:HOMB opened at $29.97 on Friday. The business has a fifty day simple moving average of $29.45 and a 200-day simple moving average of $28.67. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.90. The company has a market cap of $5.96 billion, a P/E ratio of 14.84 and a beta of 1.10. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. Equities research analysts forecast that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison purchased 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HOMB. Stephens reiterated an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Hovde Group decreased their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Keefe, Bruyette & Woods boosted their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.00.

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.