Teacher Retirement System of Texas Buys 9,032 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Teacher Retirement System of Texas increased its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 101,909 shares of the financial services provider's stock after acquiring an additional 9,032 shares during the period. Teacher Retirement System of Texas owned 0.05% of Home Bancshares, Inc. (Conway, AR) worth $2,884,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $40,000. Parkside Financial Bank & Trust bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $53,000. UMB Bank n.a. lifted its position 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 worth $57,000 after purchasing an additional 777 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at approximately $60,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter valued at about $76,000. Institutional investors own 67.31% of the company's stock.

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

Shares of NYSE:HOMB traded down $0.44 during trading on Friday, reaching $28.14. The stock had a trading volume of 581,828 shares, compared to its average volume of 998,870. The stock has a market capitalization of $5.59 billion, a PE ratio of 13.93 and a beta of 1.08. 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 52 week low of $22.38 and a 52 week high of $32.91. The business's 50-day moving average price is $29.50 and its 200 day moving average price is $28.89.

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Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.02). The business had revenue of $258.40 million during 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%. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, equities analysts predict that Home Bancshares, Inc. will post 2.19 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 38.61%.

Insiders Place Their Bets

In related news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The shares were bought 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 owns 5,693,182 shares of the company's stock, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HOMB. Stephens restated an "overweight" rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Hovde Group lowered 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 research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods raised 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 report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of "Moderate Buy" and an average price target of $32.00.

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.