First National Bank of Omaha Makes New Investment in Home BancShares, Inc. $HOMB

First National Bank of Omaha bought a new position in Home BancShares, Inc. (NYSE:HOMB) during the second quarter, Holdings Channel.com reports. The firm bought 205,877 shares of the financial services provider’s stock, valued at approximately $5,913,000.

Other institutional investors also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Home BancShares by 3.6% during the first 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 worth $12,453,000 after acquiring an additional 15,259 shares during the period. Jane Street Group LLC increased its position in shares of Home BancShares by 82.7% during the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after purchasing an additional 125,301 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Home BancShares by 13.2% during the 2nd quarter. Baird Financial Group Inc. now owns 21,500 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 2,500 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Home BancShares during the 2nd quarter worth $1,015,000. Finally, Jump Financial LLC bought a new stake in shares of Home BancShares during the 2nd quarter worth $230,000. 67.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on HOMB shares. Keefe, Bruyette & Woods increased their price target on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. Weiss Ratings raised shares of Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Benchmark began coverage on shares of Home BancShares in a research note on Wednesday, June 24th. They issued a “hold” rating on the stock. Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup restated a “neutral” rating and set a $32.00 price target (up from $29.00) on shares of Home BancShares in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.67.

Insider Buying and Selling at Home BancShares

In other news, CEO John Stephen Tipton sold 12,000 shares of Home BancShares stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $31.59, for a total transaction of $379,080.00. Following the completion of the sale, the chief executive officer owned 76,308 shares in the company, valued at approximately $2,410,569.72. This trade represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.39% of the stock is currently owned by insiders.

Home BancShares Stock Down 0.4%

HOMB stock opened at $30.99 on Wednesday. The stock has a fifty day moving average of $29.65 and a 200-day moving average of $28.21. Home BancShares, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $31.70. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 12.81 and a beta of 0.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $295.10 million during the quarter, compared to analyst estimates of $288.70 million. Home BancShares had a net margin of 32.10% and a return on equity of 11.12%. Home BancShares’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. As a group, equities research analysts predict that Home BancShares, Inc. will post 2.51 earnings per share for the current year.

Home BancShares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. This is an increase from Home BancShares’s previous quarterly dividend of $0.21. Home BancShares’s dividend payout ratio is currently 38.02%.

Home BancShares Company 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.