Clearbridge Investments LLC Boosts Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Clearbridge Investments LLC grew its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 885,265 shares of the financial services provider’s stock after purchasing an additional 5,175 shares during the quarter. Clearbridge Investments LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $22,424,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HOMB. Quadrant Capital Group LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 189.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,034 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 677 shares in the last quarter. Headlands Technologies LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $35,000. SRS Capital Advisors Inc. raised its holdings in Home Bancshares, Inc. (Conway, AR) by 325.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,712 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,310 shares in the last quarter. MCF Advisors LLC bought a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth about $98,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 12.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,386 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 702 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Donna Townsell sold 22,729 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $23.76, for a total transaction of $540,041.04. Following the transaction, the director now owns 215,854 shares in the company, valued at approximately $5,128,691.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Jennifer C. Floyd sold 2,333 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $24.53, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Donna Townsell sold 22,729 shares of the stock in a transaction 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 transaction, the director now directly owns 215,854 shares of the company’s stock, valued at $5,128,691.04. The disclosure for this sale can be found here. Insiders have sold 45,606 shares of company stock worth $1,101,008 in the last quarter. Corporate insiders own 7.66% of the company’s stock.

Wall Street Analysts Forecast Growth

HOMB has been the topic of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a report on Tuesday, April 9th. Stephens upped their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, StockNews.com downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) has an average rating of “Hold” and a consensus target price of $26.00.

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

Shares of NYSE HOMB opened at $23.54 on Friday. The business’s 50 day moving average price is $23.98 and its 200 day moving average price is $23.73. The firm has a market cap of $4.72 billion, a P/E ratio of 12.13 and a beta of 1.09. Home Bancshares, Inc. has a 52 week low of $19.61 and a 52 week high of $25.80. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.46.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.52% and a net margin of 28.17%. The business had revenue of $246.40 million for the quarter, compared to analyst estimates of $240.46 million. During the same quarter in the prior year, the firm posted $0.54 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that Home Bancshares, Inc. will post 1.97 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, June 5th. Shareholders of record on Wednesday, May 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 3.06%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 37.11%.

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.