American Century Companies Inc. Has $121.80 Million Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

American Century Companies Inc. trimmed its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,303,899 shares of the financial services provider’s stock after selling 636,340 shares during the quarter. American Century Companies Inc. owned 2.16% of Home Bancshares, Inc. (Conway, AR) worth $121,800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont acquired a new position in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $40,000. Parkside Financial Bank & Trust bought a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at about $53,000. UMB Bank n.a. increased its stake in Home Bancshares, Inc. (Conway, AR) by 63.6% during the 4th quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 777 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $60,000. Finally, Point72 Hong Kong Ltd bought a new position in Home Bancshares, Inc. (Conway, AR) in the third quarter valued at approximately $76,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.3 %

NYSE HOMB opened at $28.02 on Monday. The stock has a 50 day moving average of $29.55 and a 200-day moving average of $28.85. Home Bancshares, Inc. has a 12 month low of $22.38 and a 12 month high of $32.91. The company has a market cap of $5.56 billion, a PE ratio of 13.87 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $0.50 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%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.43 EPS. On average, equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were given a $0.195 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.78%. Home Bancshares, Inc. (Conway, AR)’s payout ratio is presently 38.61%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison acquired 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was purchased at an average price of $30.76 per share, with a total value of $307,600.00. Following the acquisition, the chief executive officer now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HOMB has been the subject of several research reports. Keefe, Bruyette & Woods increased their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens reiterated an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Finally, Hovde Group cut their price target on Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.