Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 271,960 shares of the financial services provider’s stock after selling 5,525 shares during the period. Victory Capital Management Inc. owned approximately 0.14% of Home Bancshares, Inc. (Conway, AR) worth $7,696,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HOMB. Trust Co. of Vermont acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $40,000. Parkside Financial Bank & Trust acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $53,000. UMB Bank n.a. lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% during the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the fourth quarter worth $60,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Home Bancshares, Inc. (Conway, AR) during the third quarter worth $76,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HOMB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Hovde Group dropped their price target on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Finally, Stephens restated an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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

Shares of HOMB opened at $28.36 on Friday. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 14.04 and a beta of 1.08. Home Bancshares, Inc. has a fifty-two week low of $22.38 and a fifty-two week high of $32.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The business’s 50-day moving average is $29.50 and its 200-day moving average is $28.81.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.02). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million during the quarter, compared to the consensus estimate of $256.67 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. Equities research analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were given a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.75%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Insider Buying and Selling

In related news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were bought at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.66% of the stock is owned by 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.