Prudential Financial Inc. Sells 18,391 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Prudential Financial Inc. decreased its position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 49.7% in the 4th quarter, HoldingsChannel reports. The fund owned 18,588 shares of the financial services provider’s stock after selling 18,391 shares during the period. Prudential Financial Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $573,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. United Services Automobile Association raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 6.6% in the fourth quarter. United Services Automobile Association now owns 12,523 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 774 shares in the last quarter. Advantage Alpha Capital Partners LP raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 12.7% in the 4th quarter. Advantage Alpha Capital Partners LP now owns 21,267 shares of the financial services provider’s stock valued at $602,000 after buying an additional 2,391 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider’s stock worth $574,263,000 after acquiring an additional 121,845 shares during the period. LPL Financial LLC boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% during the 4th quarter. LPL Financial LLC now owns 198,405 shares of the financial services provider’s stock valued at $5,615,000 after acquiring an additional 3,915 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at about $1,118,000. Institutional investors own 67.31% of the company’s stock.

Analyst Ratings Changes

HOMB has been the subject of a number of analyst reports. Hovde Group cut their price target 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 note on Friday, January 17th. 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. Finally, StockNews.com cut Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “sell” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $32.00.

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

NYSE:HOMB opened at $24.96 on Wednesday. The stock has a market capitalization of $4.96 billion, a P/E ratio of 12.36 and a beta of 0.93. 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. has a 1 year low of $22.38 and a 1 year high of $32.91. The firm has a 50 day moving average of $28.88 and a 200-day moving average of $28.85.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted 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). Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.31% and a net margin of 27.39%. The business had revenue of $258.40 million during the quarter, compared to analyst estimates of $256.67 million. During the same period in the prior year, the firm posted $0.43 EPS. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Home Bancshares, Inc. will post 2.19 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.78 annualized dividend and a dividend yield of 3.13%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is currently 38.61%.

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

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of $30.76 per share, for a total transaction of $307,600.00. Following the transaction, the chief executive officer now owns 5,693,182 shares of the company’s stock, valued at approximately $175,122,278.32. The trade was a 0.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.30% of the stock is currently owned by company insiders.

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.