Russell Investments Group Ltd. Sells 10,837 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Russell Investments Group Ltd. decreased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 417,901 shares of the financial services provider's stock after selling 10,837 shares during the quarter. Russell Investments Group Ltd. owned about 0.21% of Home Bancshares, Inc. (Conway, AR) worth $11,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HOMB. Proficio Capital Partners LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at $722,000. Charles Schwab Investment Management Inc. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after acquiring an additional 120,691 shares during the period. Fisher Asset Management LLC increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% during the 4th 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 last quarter. Point72 Asset Management L.P. increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 277.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 23,900 shares of the financial services provider's stock worth $647,000 after purchasing an additional 17,563 shares during the last quarter. Finally, Amarillo National Bank raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 137.6% in the 4th quarter. Amarillo National Bank now owns 103,620 shares of the financial services provider's stock valued at $2,932,000 after purchasing an additional 60,000 shares during the period. Institutional investors own 67.31% of the company's stock.

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Analyst Ratings Changes

HOMB has been the subject of a number of research analyst reports. StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Stephens reiterated an "overweight" rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, Hovde Group dropped their price target on 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. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of "Hold" and a consensus price target of $32.00.

Insiders Place Their Bets

In related news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction 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 purchase, the chief executive officer now directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.30% of the company's stock.

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

Shares of NYSE HOMB traded up $0.08 during trading hours on Wednesday, reaching $26.18. 133,245 shares of the stock were exchanged, compared to its average volume of 1,138,265. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 12.96 and a beta of 0.93. The stock's fifty day simple moving average is $28.33 and its 200 day simple moving average is $28.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. Home Bancshares, Inc. has a 52 week low of $22.41 and a 52 week high of $32.90.

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 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.02). The firm 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 return on equity of 10.31% and a net margin of 27.39%. The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Sell-side analysts predict that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The firm 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 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend 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.