Securian Asset Management Inc. Has $396,000 Position in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

Securian Asset Management Inc. reduced its stake in Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 13,976 shares of the financial services provider’s stock after selling 464 shares during the period. Securian Asset Management Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $396,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 69,914 shares of the financial services provider’s stock worth $1,979,000 after buying an additional 374 shares during the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.1% during the fourth quarter. Everhart Financial Group Inc. now owns 20,058 shares of the financial services provider’s stock worth $568,000 after buying an additional 409 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 85,865 shares of the financial services provider’s stock worth $2,326,000 after buying an additional 481 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 27,651 shares of the financial services provider’s stock worth $783,000 after buying an additional 540 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Home Bancshares, Inc. (Conway, AR) by 5.4% during the third quarter. Sunbelt Securities Inc. now owns 10,854 shares of the financial services provider’s stock worth $294,000 after buying an additional 554 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Home Bancshares, Inc. (Conway, AR) news, CEO John W. Allison bought 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was bought at an average cost of $30.76 per share, for a total transaction 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 represents a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.66% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on HOMB. Keefe, Bruyette & Woods upped their price target on 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. Stephens restated an “overweight” rating and issued a $34.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research note on Thursday, January 16th. Finally, Hovde Group cut their target price on 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Home Bancshares, Inc. (Conway, AR) presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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

Shares of NYSE HOMB opened at $28.38 on Wednesday. The business has a fifty day simple moving average of $29.52 and a 200 day simple moving average of $28.83. 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 firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 14.05 and a beta of 1.08. Home Bancshares, Inc. has a one year low of $22.38 and a one year high of $32.91.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $0.50 earnings per share (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 for the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the prior year, the company earned $0.43 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that Home Bancshares, Inc. will post 2.19 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.195 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.78 annualized dividend and a yield of 2.75%. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio is currently 38.61%.

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.