Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) Shares Sold by American International Group Inc.

American International Group Inc. lowered its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 346,824 shares of the financial services provider’s stock after selling 12,307 shares during the period. American International Group Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $8,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HOMB. Charles Schwab Investment Management Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,539,777 shares of the financial services provider’s stock valued at $32,243,000 after purchasing an additional 43,902 shares during the period. HighTower Advisors LLC lifted its position in Home Bancshares, Inc. (Conway, AR) by 10.9% in the third quarter. HighTower Advisors LLC now owns 19,505 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 1,922 shares during the period. UBS Group AG lifted its position in Home Bancshares, Inc. (Conway, AR) by 156.1% in the third quarter. UBS Group AG now owns 182,136 shares of the financial services provider’s stock valued at $3,814,000 after purchasing an additional 111,027 shares during the period. PNC Financial Services Group Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 79.0% in the third quarter. PNC Financial Services Group Inc. now owns 40,620 shares of the financial services provider’s stock valued at $851,000 after purchasing an additional 17,929 shares during the period. Finally, Prudential PLC acquired a new stake in Home Bancshares, Inc. (Conway, AR) in the third quarter valued at about $1,668,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HOMB shares. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. 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. Finally, Stephens lifted their price target on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.00.

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

HOMB stock opened at $23.11 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $23.75 and a 200-day moving average of $23.93. Home Bancshares, Inc. has a 12-month low of $19.61 and a 12-month high of $25.80. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 11.91 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a net margin of 28.17% and a return on equity of 10.52%. The business had revenue of $246.40 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same period last year, the company posted $0.54 EPS. The company’s revenue was down 1.0% on a year-over-year basis. As a group, equities analysts expect that Home Bancshares, Inc. will post 1.97 EPS for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.12%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is 37.11%.

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

In other news, CAO Jennifer C. Floyd sold 2,333 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the transaction, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at approximately $24,530. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Home Bancshares, Inc. (Conway, AR) news, Director Donna Townsell sold 22,729 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred 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 completion of the sale, the director now directly owns 215,854 shares of the company’s stock, valued at approximately $5,128,691.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer C. Floyd sold 2,333 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $24.53, for a total transaction of $57,228.49. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $24,530. The disclosure for this sale can be found here. Insiders sold a total of 45,606 shares of company stock valued at $1,101,008 in the last ninety days. Corporate insiders own 7.66% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) 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.