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

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 quarter.

Other hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 4th quarter worth $211,000. United Services Automobile Association increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 6.6% in the fourth quarter. United Services Automobile Association now owns 12,523 shares of the financial services provider’s stock worth $354,000 after buying an additional 774 shares during the period. Advantage Alpha Capital Partners LP increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 12.7% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 21,267 shares of the financial services provider’s stock worth $602,000 after buying an additional 2,391 shares during the period. Vanguard Group Inc. lifted its stake 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 acquiring an additional 121,845 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Home Bancshares, Inc. (Conway, AR) by 2.0% during the 4th quarter. LPL Financial LLC now owns 198,405 shares of the financial services provider’s stock valued at $5,615,000 after acquiring an additional 3,915 shares during the period. 67.31% of the stock is currently owned by institutional investors.

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

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $28.25 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.89 and a debt-to-equity ratio of 0.26. Home Bancshares, Inc. has a 52 week low of $22.38 and a 52 week high of $32.91. The company has a market cap of $5.61 billion, a PE ratio of 13.99 and a beta of 1.08. The business has a 50 day moving average of $29.42 and a 200 day moving average of $28.93.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last issued its quarterly earnings data 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 company had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $256.67 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research 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 company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were paid a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.76%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is 38.61%.

Wall Street Analyst Weigh In

HOMB has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price target on 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 decreased 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 note on Friday, January 17th. Finally, 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the firm’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 purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.30% of the stock is owned by corporate insiders.

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.