California Public Employees Retirement System Lowers Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

California Public Employees Retirement System cut its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 288,977 shares of the financial services provider's stock after selling 21,400 shares during the quarter. California Public Employees Retirement System owned approximately 0.15% of Home Bancshares, Inc. (Conway, AR) worth $8,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $60,169,000. Boston Partners purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $27,825,000. Fisher Asset Management LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after purchasing an additional 324,664 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 24.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider's stock worth $36,375,000 after purchasing an additional 250,703 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $5,656,000. 67.31% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HOMB shares. Hovde Group cut 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 report on Friday, January 17th. StockNews.com lowered shares of Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Stephens reiterated 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. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $32.00.

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

NYSE:HOMB traded up $0.01 during trading hours on Friday, hitting $25.21. 1,647,269 shares of the company were exchanged, compared to its average volume of 1,020,369. 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 stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 12.48 and a beta of 0.93. The company's 50 day moving average price is $28.53 and its 200-day moving average price is $28.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 27.39% and a return on equity of 10.31%. Home Bancshares, Inc. (Conway, AR)'s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is presently 38.61%.

Insider Transactions at Home Bancshares, Inc. (Conway, AR)

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, with a total value of $307,600.00. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.30% of the company's stock.

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.