Natixis Advisors LLC Cuts Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Natixis Advisors LLC decreased its holdings in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 13.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 139,148 shares of the financial services provider’s stock after selling 21,290 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Home Bancshares, Inc. (Conway, AR) worth $3,937,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after acquiring an additional 374 shares in the last quarter. Everhart Financial Group Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 2.1% in the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 409 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Home Bancshares, Inc. (Conway, AR) by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after acquiring an additional 481 shares in the last quarter. Pacer Advisors Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider’s stock valued at $783,000 after acquiring an additional 540 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in Home Bancshares, Inc. (Conway, AR) by 5.4% in the third quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

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

HOMB stock opened at $28.02 on Friday. Home Bancshares, Inc. has a twelve month low of $22.38 and a twelve month high of $32.91. The company has a current ratio of 0.89, a quick ratio of 0.91 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.56 billion, a P/E ratio of 13.87 and a beta of 1.08. The firm has a 50 day simple moving average of $29.55 and a 200-day simple moving average of $28.84.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data 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 business had revenue of $258.40 million during 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 business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were issued a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is presently 38.61%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HOMB. Keefe, Bruyette & Woods increased their price objective 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. Hovde Group lowered their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $36.00 to $35.00 and set an “outperform” rating for the company in a research report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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 acquired 10,000 shares of the firm’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 completion of the acquisition, the chief executive officer now directly owns 5,693,182 shares in the company, valued at $175,122,278.32. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.30% of the stock is currently owned by corporate insiders.

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.