State of Alaska Department of Revenue Has $513,000 Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

State of Alaska Department of Revenue decreased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 9.4% in the 4th quarter, HoldingsChannel reports. The fund owned 20,272 shares of the financial services provider’s stock after selling 2,115 shares during the period. State of Alaska Department of Revenue’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of HOMB. Mariner LLC increased its stake in Home Bancshares, Inc. (Conway, AR) by 5.4% in the third quarter. Mariner LLC now owns 9,954 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 511 shares during the period. Arizona State Retirement System raised its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 54,856 shares of the financial services provider’s stock worth $1,149,000 after buying an additional 526 shares in the last quarter. BTC Capital Management Inc. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 4.9% during the 3rd quarter. BTC Capital Management Inc. now owns 12,413 shares of the financial services provider’s stock worth $260,000 after buying an additional 579 shares during the period. Mackenzie Financial Corp boosted its stake in Home Bancshares, Inc. (Conway, AR) by 5.2% in the 3rd quarter. Mackenzie Financial Corp now owns 11,787 shares of the financial services provider’s stock valued at $243,000 after buying an additional 582 shares in the last quarter. Finally, Naples Global Advisors LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 1.3% in the 3rd quarter. Naples Global Advisors LLC now owns 50,650 shares of the financial services provider’s stock valued at $1,061,000 after buying an additional 650 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insiders Place Their Bets

In related news, CEO John W. Allison purchased 20,000 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the completion of the purchase, the chief executive officer now directly owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO John W. Allison bought 20,000 shares of the stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $22.74 per share, with a total value of $454,800.00. Following the purchase, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at $125,296,990.68. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Donna Townsell sold 22,729 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $23.76, for a total value of $540,041.04. Following the transaction, the director now directly owns 215,854 shares in the company, valued at approximately $5,128,691.04. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.3 %

NYSE HOMB opened at $22.93 on Friday. The stock’s 50 day simple moving average is $23.59 and its 200 day simple moving average is $23.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.89 and a quick ratio of 0.89. Home Bancshares, Inc. has a one year low of $19.61 and a one year high of $25.80. The firm has a market cap of $4.61 billion, a PE ratio of 11.76 and a beta of 1.11.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.91% and a net margin of 29.21%. The company had revenue of $245.62 million for the quarter, compared to analysts’ expectations of $238.50 million. As a group, sell-side analysts forecast that Home Bancshares, Inc. will post 1.88 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 14th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, February 13th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 36.92%.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Tuesday. Piper Sandler increased their target price on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Home Bancshares, Inc. (Conway, AR) currently has an average rating of “Hold” and a consensus price target of $25.00.

About Home Bancshares, Inc. (Conway, AR)

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.