American Century Companies Inc. Has $121.80 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

American Century Companies Inc. trimmed its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 12.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,303,899 shares of the financial services provider's stock after selling 636,340 shares during the quarter. American Century Companies Inc. owned 2.16% of Home Bancshares, Inc. (Conway, AR) worth $121,800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont bought a new stake in Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. Parkside Financial Bank & Trust bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $53,000. UMB Bank n.a. raised its position 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 worth $57,000 after purchasing an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth about $60,000. Finally, Point72 Hong Kong Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) during the third quarter worth about $76,000. 67.31% of the stock is owned by institutional investors.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The shares were bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the purchase, the chief executive officer now owns 5,693,182 shares of the company's stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 6.30% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on HOMB. Stephens reiterated an "overweight" rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Keefe, Bruyette & Woods upped their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Hovde Group dropped their price objective on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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

Shares of NYSE:HOMB traded up $0.24 during trading on Wednesday, reaching $28.73. The stock had a trading volume of 707,085 shares, compared to its average volume of 947,999. The stock has a market capitalization of $5.70 billion, a PE ratio of 14.22 and a beta of 1.08. 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. has a 52 week low of $22.38 and a 52 week high of $32.91. The business's 50-day moving average price is $29.56 and its 200 day moving average price is $28.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. Home Bancshares, Inc. (Conway, AR)'s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. As a group, equities analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.71%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is 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.