PNC Financial Services Group Inc. Reduces Stock Holdings in Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

PNC Financial Services Group Inc. trimmed its position in Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,089 shares of the financial services provider’s stock after selling 1,261 shares during the period. PNC Financial Services Group Inc.’s holdings in Home Bancshares, Inc. (Conway, AR) were worth $685,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in Home Bancshares, Inc. (Conway, AR) by 557.7% in the second quarter. Rockefeller Capital Management L.P. now owns 1,848 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 1,567 shares during the last quarter. Van ECK Associates Corp purchased a new position in Home Bancshares, Inc. (Conway, AR) in the second quarter worth about $47,000. Toronto Dominion Bank lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 34.7% during the 2nd quarter. Toronto Dominion Bank now owns 2,120 shares of the financial services provider’s stock valued at $52,000 after buying an additional 546 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Home Bancshares, Inc. (Conway, AR) by 45.9% during the 3rd quarter. Fifth Third Bancorp now owns 2,439 shares of the financial services provider’s stock valued at $57,000 after buying an additional 767 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new position in shares of Home Bancshares, Inc. (Conway, AR) during the 2nd quarter valued at about $193,000. 66.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of HOMB opened at $25.74 on Friday. The business’s 50 day moving average is $24.98 and its 200 day moving average is $23.60. The company has a market capitalization of $4.22 billion, a PE ratio of 12.93 and a beta of 1.37. Home Bancshares, Inc. has a 12-month low of $20.69 and a 12-month high of $29.76. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.28.

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) last issued its earnings results on Wednesday, October 20th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $173.80 million for the quarter, compared to the consensus estimate of $167.17 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 11.49% and a net margin of 42.02%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. Equities research analysts predict that Home Bancshares, Inc. will post 1.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 8th. Investors of record on Wednesday, November 17th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.18%. The ex-dividend date was Tuesday, November 16th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 28.14%.

In other news, CEO John W. Allison acquired 5,000 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Friday, November 19th. The shares were acquired at an average price of $25.38 per share, with a total value of $126,900.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Larry W. Ross acquired 1,650 shares of Home Bancshares, Inc. (Conway, AR) stock in a transaction on Friday, October 22nd. The stock was purchased at an average cost of $24.52 per share, for a total transaction of $40,458.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,650 shares of company stock worth $287,358 in the last three months. 8.79% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on HOMB shares. Royal Bank of Canada lifted their price objective on Home Bancshares, Inc. (Conway, AR) from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Friday, October 22nd. Zacks Investment Research raised Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Thursday, January 6th.

Home Bancshares, Inc. (Conway, AR) Profile

Home Bancshares, Inc is a bank holding company, which engages in the provision of financial services through its subsidiary Centennial Bank. It primarily offers a range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals, and municipalities.

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Institutional Ownership by Quarter for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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