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

Geode Capital Management LLC lowered its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,417,621 shares of the financial services provider's stock after selling 47,523 shares during the quarter. Geode Capital Management LLC owned about 2.22% of Home Bancshares, Inc. (Conway, AR) worth $125,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider's stock worth $574,263,000 after purchasing an additional 121,845 shares in the last quarter. Copeland Capital Management LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider's stock worth $92,256,000 after acquiring an additional 19,290 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after acquiring an additional 120,691 shares in the last quarter. Norges Bank purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $60,169,000. Finally, Fisher Asset Management LLC increased its position 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 during the last quarter. 67.31% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HOMB. Hovde Group reduced their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Stephens reaffirmed 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. Finally, StockNews.com lowered Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.5 %

HOMB traded up $0.12 on Monday, reaching $25.35. 135,727 shares of the company traded hands, compared to its average volume of 1,017,311. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.03 billion, a P/E ratio of 12.55 and a beta of 0.93. The firm has a fifty day simple moving average of $28.53 and a two-hundred day simple moving average of $28.82. Home Bancshares, Inc. has a one year low of $21.56 and a one year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced 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). Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The firm 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 business posted $0.43 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.08%. Home Bancshares, Inc. (Conway, AR)'s payout ratio is currently 38.61%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, January 21st. The stock was bought at an average price of $30.76 per share, with a total value of $307,600.00. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.30% of the company's stock.

About Home Bancshares, Inc. (Conway, AR)

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.