Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System cut its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) by 27.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 71,964 shares of the financial services provider’s stock after selling 27,447 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,640,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Ronald Blue Trust Inc. acquired a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $34,000. Group One Trading L.P. bought a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 3rd quarter valued at approximately $86,000. IFP Advisors Inc grew its stake in shares of Home Bancshares, Inc. (Conway, AR) by 244.5% in the 4th quarter. IFP Advisors Inc now owns 4,006 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 2,843 shares during the period. FMR LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 18.7% in the 2nd quarter. FMR LLC now owns 6,667 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 289.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,145 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 5,309 shares in the last quarter. 60.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $25.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Friday, April 21st. StockNews.com initiated coverage on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, March 16th. They set a “sell” rating for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $25.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Home Bancshares, Inc. (Conway, AR) Stock Down 0.8 %

Shares of HOMB opened at $19.92 on Monday. Home Bancshares, Inc. has a 12 month low of $19.77 and a 12 month high of $26.20. The firm’s 50 day moving average is $21.23 and its 200-day moving average is $22.60. The stock has a market capitalization of $4.04 billion, a PE ratio of 11.79 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 7th. Investors of record on Wednesday, May 17th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $0.72 dividend on an annualized basis and a yield of 3.61%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 42.60%.

Home Bancshares, Inc. (Conway, AR) Profile

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Home Bancshares, Inc is a bank holding company, which engages in providing commercial and retail banking and related financial services. It offers its services to businesses, real estate developers and investors, individuals, and municipalities. The company was founded by John W. Allison and Robert H.