California Public Employees Retirement System Cuts Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

California Public Employees Retirement System trimmed its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMBGet Rating) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,891 shares of the financial services provider’s stock after selling 12,996 shares during the quarter. California Public Employees Retirement System owned 0.15% of Home Bancshares, Inc. (Conway, AR) worth $6,312,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 16.4% during the 2nd quarter. Principal Financial Group Inc. now owns 735,291 shares of the financial services provider’s stock valued at $15,272,000 after buying an additional 103,365 shares during the period. Aviance Capital Partners LLC raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.5% during the 2nd quarter. Aviance Capital Partners LLC now owns 27,228 shares of the financial services provider’s stock valued at $566,000 after buying an additional 1,431 shares during the period. Bank of Nova Scotia purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $739,000. Texas Permanent School Fund raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 28.1% during the 2nd quarter. Texas Permanent School Fund now owns 136,741 shares of the financial services provider’s stock valued at $2,840,000 after buying an additional 29,970 shares during the period. Finally, State of Michigan Retirement System raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 25.9% during the 2nd quarter. State of Michigan Retirement System now owns 48,130 shares of the financial services provider’s stock valued at $1,000,000 after buying an additional 9,900 shares during the period. 59.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HOMB shares. StockNews.com started coverage on Home Bancshares, Inc. (Conway, AR) in a report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet upgraded Home Bancshares, Inc. (Conway, AR) from a “c+” rating to a “b” rating in a report on Tuesday, August 16th.

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

HOMB stock opened at $25.18 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.24. Home Bancshares, Inc. has a 52-week low of $19.83 and a 52-week high of $26.20. The stock’s 50 day moving average is $24.36 and its two-hundred day moving average is $23.06. The company has a market capitalization of $5.14 billion, a PE ratio of 17.25 and a beta of 1.19.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Wednesday, November 16th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, November 15th. This represents a $0.66 annualized dividend and a yield of 2.62%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 45.21%.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, Director Richard H. Ashley sold 115,348 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $25.10, for a total transaction of $2,895,234.80. Following the sale, the director now directly owns 35,712 shares in the company, valued at approximately $896,371.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jim Rankin sold 11,032 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $24.07, for a total value of $265,540.24. Following the completion of the transaction, the director now owns 209,817 shares in the company, valued at approximately $5,050,295.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard H. Ashley sold 115,348 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $25.10, for a total value of $2,895,234.80. Following the completion of the transaction, the director now owns 35,712 shares of the company’s stock, valued at approximately $896,371.20. The disclosure for this sale can be found here. Insiders have sold 133,164 shares of company stock worth $3,332,885 in the last three months. 9.11% of the stock is owned by insiders.

Home Bancshares, Inc. (Conway, AR) Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

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