Mitsubishi UFJ Trust & Banking Corp Lowers Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 11.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,301 shares of the financial services provider’s stock after selling 5,493 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $1,225,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HOMB. Vanguard Group Inc. lifted its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider’s stock worth $574,263,000 after buying an additional 121,845 shares in the last quarter. Geode Capital Management LLC lifted its position in 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 valued at $120,983,000 after acquiring an additional 60,588 shares in the last quarter. Copeland Capital Management LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 0.6% during the 4th quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider’s stock valued at $92,256,000 after purchasing an additional 19,290 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock worth $61,322,000 after purchasing an additional 120,691 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock worth $59,160,000 after purchasing an additional 324,664 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

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

In related news, CEO John W. Allison purchased 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average price of $30.76 per share, with a total value of $307,600.00. Following the completion of the acquisition, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is currently owned by company insiders.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.1 %

Shares of NYSE:HOMB opened at $28.25 on Wednesday. Home Bancshares, Inc. has a 52-week low of $22.38 and a 52-week high of $32.91. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 13.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 0.89. The stock’s 50-day simple moving average is $29.42 and its two-hundred day simple moving average is $28.93.

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

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Analyst Upgrades and Downgrades

HOMB has been the topic of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Keefe, Bruyette & Woods raised their price target on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Hovde Group reduced 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.