Retirement Systems of Alabama Trims Stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Retirement Systems of Alabama lowered its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224,801 shares of the financial services provider’s stock after selling 786 shares during the period. Retirement Systems of Alabama owned approximately 0.11% of Home Bancshares, Inc. (Conway, AR) worth $6,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock worth $120,983,000 after buying an additional 60,588 shares during the last quarter. Copeland Capital Management LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% in the fourth quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider’s stock valued at $92,256,000 after acquiring an additional 19,290 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Home Bancshares, Inc. (Conway, AR) by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,046,153 shares of the financial services provider’s stock worth $55,430,000 after purchasing an additional 134,741 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 1,765,799 shares of the financial services provider’s stock valued at $47,835,000 after purchasing an additional 47,259 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2,609.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,301,295 shares of the financial services provider’s stock worth $352,520,000 after purchasing an additional 1,253,259 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 1.0 %

Shares of NYSE HOMB opened at $30.86 on Monday. The stock has a fifty day simple moving average of $29.53 and a 200-day simple moving average of $28.39. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.90. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $6.14 billion, a PE ratio of 15.28 and a beta of 1.10.

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

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.195 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 2.53%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HOMB shares. Piper Sandler lifted their price target on Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Hovde Group decreased their target price on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, January 17th. Stephens reissued an “overweight” rating and set a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Insider Activity

In other news, CEO John W. Allison acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were purchased at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now directly owns 5,693,182 shares in the company, valued at approximately $175,122,278.32. This represents a 0.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $30.77, for a total value of $1,969,187.69. Following the completion of the sale, the director now directly owns 175,500 shares of the company’s stock, valued at approximately $5,400,135. This trade represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. Company 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.