California Public Employees Retirement System Purchases 6,727 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

California Public Employees Retirement System boosted its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB – Get Rating) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,263 shares of the financial services provider’s stock after buying an additional 6,727 shares during the period. California Public Employees Retirement System owned approximately 0.22% of Home Bancshares, Inc. (Conway, AR) worth $10,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 7.3% during the 4th quarter. ProShare Advisors LLC now owns 409,618 shares of the financial services provider’s stock valued at $9,335,000 after purchasing an additional 27,983 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 1.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 305,913 shares of the financial services provider’s stock valued at $6,886,000 after purchasing an additional 4,475 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in Home Bancshares, Inc. (Conway, AR) by 10.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 659,300 shares of the financial services provider’s stock valued at $15,025,000 after purchasing an additional 61,500 shares during the last quarter. Ifrah Financial Services Inc. acquired a new position in Home Bancshares, Inc. (Conway, AR) during the 3rd quarter valued at about $201,000. Finally, Horrell Capital Management Inc. boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the 4th quarter. Horrell Capital Management Inc. now owns 117,420 shares of the financial services provider’s stock valued at $2,676,000 after purchasing an additional 740 shares during the last quarter. 60.36% of the stock is owned by institutional investors.

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

Home Bancshares, Inc. (Conway, AR) stock opened at $20.67 on Tuesday. Home Bancshares, Inc. has a 12 month low of $19.77 and a 12 month high of $26.20. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 0.30. The business’s 50 day simple moving average is $21.20 and its 200 day simple moving average is $22.58. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 12.23 and a beta of 1.16.

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

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 is Tuesday, May 16th. This represents a $0.72 annualized dividend and a yield of 3.48%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 42.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HOMB shares. Stephens restated an “overweight” rating and issued a $25.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, April 21st. Royal Bank of Canada restated a “sector perform” rating and issued a $25.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Friday, April 21st. Finally, StockNews.com started coverage on Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, March 16th. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has a consensus rating of “Hold” and an average target price of $26.00.

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