Teacher Retirement System of Texas Purchases 9,032 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Teacher Retirement System of Texas grew its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,909 shares of the financial services provider’s stock after acquiring an additional 9,032 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Home Bancshares, Inc. (Conway, AR) worth $2,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of HOMB. Geode Capital Management LLC raised its holdings in Home Bancshares, Inc. (Conway, AR) by 1.4% during the third quarter. Geode Capital Management LLC now owns 4,465,144 shares of the financial services provider’s stock worth $120,983,000 after buying an additional 60,588 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the fourth quarter. Copeland Capital Management LLC now owns 3,259,934 shares of the financial services provider’s stock worth $92,256,000 after acquiring an additional 19,290 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Home Bancshares, Inc. (Conway, AR) by 5.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider’s stock valued at $61,322,000 after acquiring an additional 120,691 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Home Bancshares, Inc. (Conway, AR) by 18.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider’s stock valued at $59,160,000 after purchasing an additional 324,664 shares during the last quarter. Finally, Boston Partners bought a new stake in Home Bancshares, Inc. (Conway, AR) during the 4th quarter worth approximately $27,825,000. 67.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HOMB. Hovde Group cut their target price on 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. Keefe, Bruyette & Woods lifted 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 report on Wednesday, December 4th. Finally, Stephens reiterated an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Home Bancshares, Inc. (Conway, AR) Trading Down 0.6 %

Shares of Home Bancshares, Inc. (Conway, AR) stock opened at $28.50 on Wednesday. The firm has a market cap of $5.66 billion, a PE ratio of 14.11 and a beta of 1.08. Home Bancshares, Inc. has a 1 year low of $22.38 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.91. The stock has a fifty day moving average price of $29.57 and a 200-day moving average price of $28.87.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last announced 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 the consensus estimate of $256.67 million. During the same period in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

Insider Buying and Selling at Home Bancshares, Inc. (Conway, AR)

In other news, CEO John W. Allison acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was bought 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 owns 5,693,182 shares in the company, valued at $175,122,278.32. The trade was a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.

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.