Clearbridge Investments LLC Trims Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Clearbridge Investments LLC cut its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 861,742 shares of the financial services provider’s stock after selling 1,165 shares during the quarter. Clearbridge Investments LLC owned 0.43% of Home Bancshares, Inc. (Conway, AR) worth $24,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at $40,000. Nomura Asset Management Co. Ltd. raised its stake in 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 valued at $46,000 after buying an additional 530 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $53,000. UMB Bank n.a. grew its position in Home Bancshares, Inc. (Conway, AR) by 63.6% during 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. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $60,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NYSE:HOMB opened at $28.25 on Wednesday. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.91. The firm has a market capitalization of $5.61 billion, a PE ratio of 13.99 and a beta of 1.08. The business’s 50 day moving average price is $29.42 and its 200-day moving average price is $28.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91.

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 company had revenue of $258.40 million for the quarter, compared to analysts’ expectations of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, equities research analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a $0.195 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.76%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on HOMB. Stephens reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Keefe, Bruyette & Woods raised 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. Finally, 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 on the stock in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.