Home BancShares, Inc. $HOMB Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 863,146 shares of the financial services provider’s stock after selling 20,821 shares during the quarter. JPMorgan Chase & Co.’s holdings in Home BancShares were worth $24,427,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Home BancShares by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,497 shares of the financial services provider’s stock valued at $12,453,000 after buying an additional 15,259 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Home BancShares by 82.7% in the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock worth $7,826,000 after acquiring an additional 125,301 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Home BancShares in the second quarter valued at approximately $373,000. Hantz Financial Services Inc. boosted its holdings in shares of Home BancShares by 4,480.3% in the second 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Home BancShares by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 1,769,612 shares of the financial services provider’s stock valued at $50,363,000 after acquiring an additional 25,578 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home BancShares Trading Down 4.9%

NYSE:HOMB opened at $27.45 on Monday. The stock has a fifty day simple moving average of $28.82 and a 200 day simple moving average of $28.45. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 11.39 and a beta of 0.78. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $30.83. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.18.

Home BancShares (NYSE:HOMB) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The company had revenue of $269.25 million during the quarter, compared to analysts’ expectations of $272.48 million. During the same period last year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Sell-side analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Home BancShares’s payout ratio is currently 34.85%.

Insider Buying and Selling at Home BancShares

In other Home BancShares news, Director Donna Townsell sold 5,563 shares of Home BancShares stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total transaction of $157,877.94. Following the transaction, the director owned 218,460 shares of the company’s stock, valued at $6,199,894.80. The trade was a 2.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John W. Allison II sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the transaction, the director directly owned 651,995 shares in the company, valued at $18,379,739.05. The trade was a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a research note on Monday, January 12th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Zacks Research raised Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Finally, Piper Sandler reissued an “overweight” rating and issued a $35.00 price target (up from $34.00) on shares of Home BancShares in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.60.

Home BancShares Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.