Legal & General Group Plc Has $8.49 Million Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Legal & General Group Plc reduced its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 299,860 shares of the financial services provider's stock after selling 17,042 shares during the period. Legal & General Group Plc owned about 0.15% of Home Bancshares, Inc. (Conway, AR) worth $8,486,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HOMB. FMR LLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 51.9% in the 3rd quarter. FMR LLC now owns 15,847 shares of the financial services provider's stock valued at $429,000 after purchasing an additional 5,417 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 5.7% during the third quarter. HighTower Advisors LLC now owns 20,030 shares of the financial services provider's stock valued at $545,000 after purchasing an additional 1,077 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 519.7% in the third quarter. Public Employees Retirement System of Ohio now owns 6,996 shares of the financial services provider's stock valued at $190,000 after purchasing an additional 5,867 shares during the period. Barclays PLC raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 65.2% during the 3rd quarter. Barclays PLC now owns 422,952 shares of the financial services provider's stock worth $11,458,000 after purchasing an additional 166,927 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at about $254,000. Institutional investors own 67.31% of the company's stock.

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

In other news, CAO Jennifer C. Floyd sold 2,500 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the sale, the chief accounting officer now directly owns 4,301 shares in the company, valued at $118,062.45. The trade was a 36.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.30% of the company's stock.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.1 %

HOMB traded down $0.04 during trading hours on Thursday, reaching $27.50. 174,651 shares of the stock traded hands, compared to its average volume of 1,016,682. The firm's fifty day simple moving average is $27.86 and its two-hundred day simple moving average is $28.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 13.60 and a beta of 0.93. Home Bancshares, Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. The company had revenue of $260.08 million during the quarter, compared to the consensus estimate of $255.20 million. As a group, analysts forecast that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on HOMB shares. Royal Bank of Canada cut their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a report on Monday. Hovde Group dropped their price objective on 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. StockNews.com upgraded Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Stephens reaffirmed an "overweight" rating and set a $33.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Monday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.40.

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.