Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 861,742 shares of the financial services provider’s stock after selling 1,165 shares during the quarter. Clearbridge Investments LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $24,387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at about $40,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 530 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $53,000. UMB Bank n.a. increased its holdings 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 period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $60,000. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is currently owned by insiders.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $28.25 on Wednesday. The business’s fifty day moving average price is $29.42 and its 200 day moving average price is $28.93. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.91. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5.61 billion, a P/E ratio of 13.99 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $256.67 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Home Bancshares, Inc. (Conway, AR)’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, research 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 company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. 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. Hovde Group reduced their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Finally, Keefe, Bruyette & Woods upped their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.