Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC trimmed its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 41.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,012 shares of the financial services provider's stock after selling 18,800 shares during the quarter. Gilliland Jeter Wealth Management LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $764,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock worth $33,000 after buying an additional 795 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% during the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock worth $35,000 after acquiring an additional 427 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at $40,000. Blue Trust Inc. raised its position in Home Bancshares, Inc. (Conway, AR) by 41.6% in the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 528 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth $76,000. Institutional investors and hedge funds own 67.31% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HOMB shares. Keefe, Bruyette & Woods lifted their target price 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. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a report on Wednesday, November 6th. Royal Bank of Canada reissued a "sector perform" rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, October 18th. Stephens restated an "overweight" rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, Hovde Group cut 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 report 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Up 1.5 %

Shares of HOMB stock traded up $0.46 during trading hours on Tuesday, hitting $30.95. 302,493 shares of the company were exchanged, compared to its average volume of 1,137,011. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.90. The firm has a fifty day moving average of $29.53 and a 200 day moving average of $28.39. The firm has a market cap of $6.15 billion, a PE ratio of 15.32 and a beta of 1.10. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $258.40 million for the quarter, compared to analyst estimates of $256.67 million. During the same period last year, the firm earned $0.43 earnings per share. The company's quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s payout ratio is 38.61%.

Insider Buying and Selling

In other news, Director James Pat Hickman sold 63,997 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares in the company, valued at approximately $5,400,135. The trade was a 26.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Allison acquired 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the purchase, the chief executive officer now directly owns 5,693,182 shares of the company's stock, valued at $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 7.66% 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.