Swiss National Bank Has $10.26 Million Stock Position in Home BancShares, Inc. $HOMB

Swiss National Bank lowered its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 1.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 360,407 shares of the financial services provider’s stock after selling 5,500 shares during the period. Swiss National Bank owned 0.18% of Home BancShares worth $10,257,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Home BancShares in the first quarter valued at approximately $39,000. Summit Securities Group LLC acquired a new position in shares of Home BancShares during the 1st quarter worth approximately $64,000. Hantz Financial Services Inc. raised its stake in Home BancShares by 4,480.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 2,733 shares during the period. UMB Bank n.a. lifted its holdings in Home BancShares by 25.6% during the 2nd quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 677 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Home BancShares by 155.8% during the first quarter. Geneos Wealth Management Inc. now owns 3,817 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 2,325 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home BancShares Stock Performance

NYSE HOMB opened at $28.06 on Friday. The firm has a 50-day moving average price of $27.57 and a two-hundred day moving average price of $28.39. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.09. The company has a market capitalization of $5.51 billion, a P/E ratio of 12.09 and a beta of 0.81. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.20.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $277.67 million during the quarter, compared to the consensus estimate of $269.96 million. Home BancShares had a net margin of 31.20% and a return on equity of 10.94%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 earnings per share. Analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s dividend payout ratio is currently 36.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Home BancShares in a research report on Wednesday, October 8th. Cantor Fitzgerald started coverage on shares of Home BancShares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price target on the stock. Piper Sandler set a $34.00 price objective on shares of Home BancShares and gave the stock an “overweight” rating in a research report on Friday, October 17th. Finally, Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday, November 2nd. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Home BancShares 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.