Thrivent Financial for Lutherans Lowers Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Thrivent Financial for Lutherans trimmed its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,496 shares of the financial services provider's stock after selling 12,369 shares during the period. Thrivent Financial for Lutherans' holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,080,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cibc World Markets Corp purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $494,000. Swiss National Bank raised its stake in Home Bancshares, Inc. (Conway, AR) by 0.5% in the fourth quarter. Swiss National Bank now owns 373,107 shares of the financial services provider's stock valued at $10,559,000 after buying an additional 1,700 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 14.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 62,868 shares of the financial services provider's stock worth $1,779,000 after acquiring an additional 7,881 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 5.1% in the fourth quarter. King Luther Capital Management Corp now owns 312,048 shares of the financial services provider's stock worth $8,831,000 after acquiring an additional 15,248 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 2.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider's stock worth $894,000 after acquiring an additional 748 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Buying and Selling

In related news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HOMB has been the subject of several research analyst reports. Hovde Group decreased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Stephens reaffirmed an "overweight" rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

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

HOMB traded up $0.16 during trading on Wednesday, reaching $28.38. 968,859 shares of the company's stock were exchanged, compared to its average volume of 999,697. The company's fifty day simple moving average is $29.39 and its 200-day simple moving average is $28.93. The stock has a market capitalization of $5.63 billion, a P/E ratio of 14.05 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 1 year low of $22.38 and a 1 year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results 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 period last year, the business earned $0.43 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The business also recently announced 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 was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.75%. Home Bancshares, Inc. (Conway, AR)'s payout ratio 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.