Principal Financial Group Inc. Sells 6,536 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Principal Financial Group Inc. trimmed its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 424,630 shares of the financial services provider’s stock after selling 6,536 shares during the period. Principal Financial Group Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $12,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% during the 3rd quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider’s stock valued at $49,000 after buying an additional 528 shares during the last quarter. State of Alaska Department of Revenue increased its position in Home Bancshares, Inc. (Conway, AR) by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 21,732 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 1,460 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Home Bancshares, Inc. (Conway, AR) by 115.5% in the third quarter. Harbor Capital Advisors Inc. now owns 69,540 shares of the financial services provider’s stock valued at $1,884,000 after acquiring an additional 37,266 shares during the period. Van ECK Associates Corp boosted its position in Home Bancshares, Inc. (Conway, AR) by 40.0% in the third quarter. Van ECK Associates Corp now owns 102,093 shares of the financial services provider’s stock worth $2,763,000 after purchasing an additional 29,171 shares during the last quarter. Finally, Atria Investments Inc purchased a new position in Home Bancshares, Inc. (Conway, AR) in the third quarter worth about $215,000. Institutional investors own 67.31% of the company’s stock.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison purchased 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was acquired at an average cost of $30.76 per share, for a total transaction of $307,600.00. Following the purchase, the chief executive officer now directly owns 5,693,182 shares of the company’s stock, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.66% of the stock is owned by corporate insiders.

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

Shares of NYSE HOMB opened at $29.40 on Friday. 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 $32.90. The firm has a fifty day moving average price of $29.39 and a 200-day moving average price of $28.64. The stock has a market cap of $5.85 billion, a PE ratio of 14.56 and a beta of 1.10.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Equities analysts anticipate that Home Bancshares, Inc. will post 2.19 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Analyst Ratings Changes

HOMB has been the subject of several research reports. Keefe, Bruyette & Woods upped 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 research report on Wednesday, December 4th. Stephens restated an “overweight” rating and set a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Thursday, January 16th. Hovde Group decreased their price target 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. Finally, StockNews.com raised shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Home Bancshares, Inc. (Conway, AR) 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.