Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,148 shares of the financial services provider's stock after selling 21,290 shares during the period. Natixis Advisors LLC owned about 0.07% of Home Bancshares, Inc. (Conway, AR) worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in HOMB. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $40,000. Parkside Financial Bank & Trust purchased a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $53,000. UMB Bank n.a. raised its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after buying an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $60,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter worth about $76,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

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

NYSE HOMB traded up $0.24 during trading on Wednesday, reaching $28.73. The company's stock had a trading volume of 707,085 shares, compared to its average volume of 1,134,187. The business's fifty day moving average price is $29.57 and its 200-day moving average price is $28.87. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 14.22 and a beta of 1.08.

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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $258.40 million for the quarter, compared to analysts' expectations of $256.67 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis. As a group, analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.195 per share. 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 2.71%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 38.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Hovde Group cut their price target 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 note on Friday, January 17th. Finally, Stephens reissued an "overweight" rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Insider Activity

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company's stock.

Home Bancshares, Inc. (Conway, AR) 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.