Arizona State Retirement System Sells 1,057 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Arizona State Retirement System decreased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,799 shares of the financial services provider’s stock after selling 1,057 shares during the period. Arizona State Retirement System’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth approximately $34,256,000. State Street Corp increased its stake in shares of Home Bancshares, Inc. (Conway, AR) by 15.3% in the second quarter. State Street Corp now owns 8,272,790 shares of the financial services provider’s stock valued at $171,826,000 after buying an additional 1,100,758 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter valued at about $18,429,000. Vanguard Group Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 20,900,440 shares of the financial services provider’s stock worth $470,469,000 after buying an additional 252,844 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 23.7% in the fourth quarter. Morgan Stanley now owns 1,203,160 shares of the financial services provider’s stock valued at $27,420,000 after purchasing an additional 230,792 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HOMB. Royal Bank of Canada reiterated a “sector perform” rating and set a $26.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Tuesday, April 9th. Piper Sandler boosted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.00.

Home Bancshares, Inc. (Conway, AR) Stock Down 1.2 %

HOMB stock opened at $22.93 on Friday. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 11.76 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $23.59 and a two-hundred day moving average price of $23.07.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $245.62 million for the quarter, compared to analyst estimates of $238.50 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 29.21% and a return on equity of 10.91%. Analysts anticipate that Home Bancshares, Inc. will post 1.88 EPS for the current fiscal year.

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

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

Insider Buying and Selling

In other news, Director Donna Townsell sold 22,729 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total value of $540,041.04. Following the completion of the sale, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Donna Townsell sold 22,729 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, the director now owns 215,854 shares in the company, valued at $5,128,691.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John W. Allison bought 20,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief executive officer now owns 5,509,982 shares of the company’s stock, valued at approximately $125,296,990.68. The disclosure for this purchase can be found here. 7.66% of the stock is currently owned by corporate insiders.

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