Alliancebernstein L.P. Reduces Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Alliancebernstein L.P. cut its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 391,318 shares of the financial services provider’s stock after selling 3,353 shares during the quarter. Alliancebernstein L.P.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $11,074,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider’s stock valued at $574,263,000 after purchasing an additional 121,845 shares during the last quarter. Geode Capital Management LLC increased 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 valued at $120,983,000 after purchasing an additional 60,588 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in 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 position 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 valued at $61,322,000 after purchasing an additional 120,691 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the 4th quarter valued at approximately $60,169,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO John W. Allison bought 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction dated Tuesday, January 21st. The stock was bought at an average price 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 of the company’s stock, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

HOMB has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Thursday. Stephens reaffirmed an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Finally, Hovde Group dropped their target price on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Stock Up 6.5 %

Shares of NYSE:HOMB opened at $26.67 on Thursday. The stock has a market cap of $5.30 billion, a P/E ratio of 13.20 and a beta of 0.93. The firm has a fifty day moving average price of $28.74 and a 200 day moving average price of $28.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.91.

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

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

About Home Bancshares, Inc. (Conway, AR)

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.