Sterling Capital Management LLC Sells 47,040 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Sterling Capital Management LLC trimmed its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 88.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,967 shares of the financial services provider's stock after selling 47,040 shares during the period. Sterling Capital Management LLC's holdings in Home Bancshares, Inc. (Conway, AR) were worth $169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $28,000. Trust Co. of Vermont bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $40,000. Nomura Asset Management Co. Ltd. grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 530 shares in the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $53,000. Finally, UMB Bank n.a. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 777 shares during the period. 67.31% of the stock is owned by institutional investors.

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

NYSE HOMB traded down $0.16 on Friday, reaching $27.66. 397,914 shares of the company's stock traded hands, compared to its average volume of 1,018,082. The stock has a market cap of $5.49 billion, a PE ratio of 13.66 and a beta of 0.93. 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. has a 12 month low of $22.42 and a 12 month high of $32.91. The stock has a 50-day simple moving average of $27.82 and a 200 day simple moving average of $28.80.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $255.20 million. As a group, research analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.89%. This is a positive change from Home Bancshares, Inc. (Conway, AR)'s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 14th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio (DPR) is presently 37.14%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction on Wednesday, April 23rd. The shares were 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 owns 4,301 shares of the company's stock, valued at $118,062.45. This represents a 36.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HOMB shares. Hovde Group cut 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 research report on Friday, January 17th. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research report on Thursday. Stephens reiterated an "overweight" rating and issued a $33.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Monday. Finally, Royal Bank of Canada reduced their target price on Home Bancshares, Inc. (Conway, AR) from $33.00 to $31.00 and set a "sector perform" rating for the company in a research report on Monday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.