Home BancShares, Inc. $HOMB Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,042 shares of the financial services provider’s stock after selling 5,078 shares during the quarter. Stephens Inc. AR owned approximately 0.14% of Home BancShares worth $7,600,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its holdings in shares of Home BancShares by 2.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider’s stock valued at $237,594,000 after acquiring an additional 196,563 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Home BancShares by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock valued at $63,390,000 after purchasing an additional 75,463 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Home BancShares in the first quarter valued at approximately $41,431,000. Royce & Associates LP increased its holdings in shares of Home BancShares by 0.5% in the first quarter. Royce & Associates LP now owns 1,123,775 shares of the financial services provider’s stock valued at $31,769,000 after purchasing an additional 5,239 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Home BancShares by 1.4% in the first quarter. Boston Partners now owns 990,030 shares of the financial services provider’s stock valued at $27,830,000 after purchasing an additional 13,813 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,540,776 shares in the company, valued at $166,334,095.52. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home BancShares in a report on Wednesday, October 8th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday, October 12th. Piper Sandler set a $34.00 price target on Home BancShares and gave the company an “overweight” rating in a report on Friday. Finally, Keefe, Bruyette & Woods increased their price target on Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Home BancShares Price Performance

HOMB stock opened at $27.41 on Tuesday. The business has a fifty day moving average of $28.76 and a two-hundred day moving average of $28.36. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 11.81 and a beta of 0.78. Home BancShares, Inc. has a 52-week low of $24.22 and a 52-week high of $32.90.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $277.70 million during the quarter, compared to analysts’ expectations of $269.96 million. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.50 earnings per share. As a group, research analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, August 13th. Home BancShares’s dividend payout ratio (DPR) is currently 34.48%.

Home BancShares 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.