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

Teacher Retirement System of Texas raised its stake in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 9.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,909 shares of the financial services provider’s stock after buying an additional 9,032 shares during the quarter. Teacher Retirement System of Texas’ holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Trust Co. of Vermont bought a new position in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter valued at approximately $40,000. Parkside Financial Bank & Trust purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 4th quarter valued at $53,000. UMB Bank n.a. increased its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 63.6% in the fourth quarter. UMB Bank n.a. now owns 1,999 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 777 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of Home Bancshares, Inc. (Conway, AR) in the fourth quarter worth $60,000. Finally, Point72 Hong Kong Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) during the third quarter valued at $76,000. 67.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO John W. Allison acquired 10,000 shares of the company’s stock in a transaction dated 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 purchase, the chief executive officer now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by corporate insiders.

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

NYSE:HOMB opened at $28.50 on Wednesday. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 14.11 and a beta of 1.08. The business has a 50 day moving average of $29.57 and a 200 day moving average of $28.87. 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 $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its earnings results 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). The business had revenue of $258.40 million for the quarter, compared to the consensus estimate of $256.67 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 27.39% and a return on equity of 10.31%. Home Bancshares, Inc. (Conway, AR)’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. On average, sell-side 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 12th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend 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 presently 38.61%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HOMB shares. Keefe, Bruyette & Woods raised their price target on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. 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. Finally, Stephens reissued an “overweight” rating and issued a $34.00 price target on shares of Home Bancshares, Inc. (Conway, AR) in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $32.00.

Home Bancshares, Inc. (Conway, AR) Company 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.