Gilliland Jeter Wealth Management LLC Sells 18,800 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Gilliland Jeter Wealth Management LLC cut its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 41.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 27,012 shares of the financial services provider’s stock after selling 18,800 shares during the period. Gilliland Jeter Wealth Management LLC’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock valued at $1,979,000 after buying an additional 374 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 49.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider’s stock valued at $35,000 after buying an additional 427 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock valued at $2,326,000 after buying an additional 481 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 41.6% in 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 in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Home Bancshares, Inc. (Conway, AR) by 3.6% in the 3rd quarter. Inspire Investing LLC now owns 15,243 shares of the financial services provider’s stock valued at $413,000 after buying an additional 529 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Home Bancshares, Inc. (Conway, AR) Trading Up 0.8 %

HOMB opened at $31.16 on Friday. 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 stock has a market capitalization of $6.20 billion, a PE ratio of 15.43 and a beta of 1.10. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The firm has a 50-day moving average price of $29.56 and a two-hundred day moving average price of $28.34.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate 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 company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. As a group, equities analysts anticipate that Home Bancshares, Inc. will post 2.18 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 12th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Wednesday, February 12th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 38.61%.

Insider Activity

In other news, CEO John W. Allison acquired 10,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average price of $30.76 per share, with a total value 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. The trade was a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Pat Hickman sold 63,997 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the sale, the director now owns 175,500 shares in the company, valued at $5,400,135. This trade represents a 26.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HOMB shares. Stephens restated an “overweight” rating and issued a $34.00 price objective on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. StockNews.com upgraded shares of Home Bancshares, Inc. (Conway, AR) from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods increased their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Hovde Group dropped their target price 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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.