Home BancShares, Inc. $HOMB Position Increased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 159.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,938 shares of the financial services provider’s stock after buying an additional 63,829 shares during the quarter. Tudor Investment Corp ET AL owned 0.05% of Home BancShares worth $2,941,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Binnacle Investments Inc lifted its position in shares of Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 577 shares during the last quarter. First Horizon Corp acquired a new position in shares of Home BancShares in the 3rd quarter valued at $43,000. Danske Bank A S purchased a new position in Home BancShares in the 3rd quarter worth about $57,000. Rothschild Investment LLC raised its holdings in Home BancShares by 505.9% during the 3rd quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider’s stock worth $64,000 after buying an additional 1,897 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Home BancShares by 34.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,116 shares of the financial services provider’s stock worth $146,000 after buying an additional 1,299 shares during the period. Institutional investors own 67.31% of the company’s stock.

Insiders Place Their Bets

In related news, Director Donna Townsell sold 5,563 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total transaction of $157,877.94. Following the completion of the sale, the director directly owned 218,460 shares in the company, valued at approximately $6,199,894.80. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Allison II sold 5,000 shares of Home BancShares stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total value of $140,950.00. Following the sale, the director directly owned 651,995 shares of the company’s stock, valued at approximately $18,379,739.05. The trade was a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 6.39% of the company’s stock.

Home BancShares Trading Down 1.2%

NYSE:HOMB opened at $26.42 on Friday. The stock has a market cap of $5.19 billion, a PE ratio of 10.96 and a beta of 0.78. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s 50-day moving average is $28.19 and its two-hundred day moving average is $28.10.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business had revenue of $269.25 million during the quarter, compared to analyst estimates of $272.48 million. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Home BancShares’s dividend payout ratio (DPR) is 34.85%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on HOMB shares. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Cantor Fitzgerald cut their price target on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Piper Sandler restated an “overweight” rating and issued a $35.00 price target (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Zacks Research cut shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.40.

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.