Prudential Financial Inc. Lowers Stock Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Prudential Financial Inc. trimmed its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 49.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,588 shares of the financial services provider's stock after selling 18,391 shares during the quarter. Prudential Financial Inc.'s holdings in Home Bancshares, Inc. (Conway, AR) were worth $573,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter valued at about $722,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock worth $61,322,000 after purchasing an additional 120,691 shares during the period. Fisher Asset Management LLC increased its holdings in shares of 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 period. Point72 Asset Management L.P. raised its position in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% in the third quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock worth $647,000 after buying an additional 17,563 shares in the last quarter. Finally, Amarillo National Bank boosted its stake in Home Bancshares, Inc. (Conway, AR) by 137.6% during the fourth quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after buying an additional 60,000 shares during the period. Hedge funds and other institutional investors own 67.31% of the company's stock.

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Analyst Ratings Changes

Several research firms have weighed in on HOMB. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a report on Thursday. Stephens reaffirmed an "overweight" rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Hovde Group lowered 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 report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 0.0 %

HOMB stock traded up $0.01 on Friday, reaching $25.21. 1,647,269 shares of the company traded hands, compared to its average volume of 1,020,627. The firm has a fifty day simple moving average of $28.53 and a 200-day simple moving average of $28.82. The company has a market cap of $5.01 billion, a P/E ratio of 12.48 and a beta of 0.93. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.91. 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. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The company had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Home Bancshares, Inc. (Conway, AR)'s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Research analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is currently 38.61%.

Insider Buying and Selling

In related news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were bought at an average price 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 in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is owned by company insiders.

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.