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

California Public Employees Retirement System cut its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 338,581 shares of the financial services provider’s stock after selling 26,134 shares during the quarter. California Public Employees Retirement System owned 0.17% of Home Bancshares, Inc. (Conway, AR) worth $8,576,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth approximately $1,335,000. UBS Group AG raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 156.1% during the third quarter. UBS Group AG now owns 182,136 shares of the financial services provider’s stock worth $3,814,000 after acquiring an additional 111,027 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 32.2% during the third quarter. Envestnet Asset Management Inc. now owns 456,872 shares of the financial services provider’s stock worth $9,567,000 after acquiring an additional 111,393 shares in the last quarter. Prudential PLC bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the third quarter worth approximately $1,668,000. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 3.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 100,354 shares of the financial services provider’s stock worth $2,542,000 after purchasing an additional 3,343 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

NYSE:HOMB opened at $24.40 on Friday. The stock has a market cap of $4.91 billion, a P/E ratio of 12.58 and a beta of 1.09. The firm’s fifty day simple moving average is $23.71 and its 200 day simple moving average is $23.33. Home Bancshares, Inc. has a twelve month low of $19.61 and a twelve month high of $25.80. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $246.40 million for the quarter, compared to analysts’ expectations of $240.46 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. As a group, research analysts predict that Home Bancshares, Inc. will post 1.93 EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Tuesday, May 14th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 37.11%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HOMB. Stephens raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $26.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Finally, Piper Sandler raised 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 report on Friday, January 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.00.

Insider Activity at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison acquired 20,000 shares of the stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO John W. Allison acquired 20,000 shares of the stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $24.53, for a total value of $57,228.49. Following the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The disclosure for this sale can be found here. Insiders have sold a total of 45,606 shares of company stock worth $1,101,008 over the last quarter. Corporate insiders own 7.66% of the company’s stock.

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.