Home BancShares, Inc. $HOMB Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in Home BancShares, Inc. (NYSE:HOMB) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 612,407 shares of the financial services provider’s stock after selling 17,066 shares during the period. Rhumbline Advisers owned about 0.31% of Home BancShares worth $17,331,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Inspire Advisors LLC lifted its stake in shares of Home BancShares by 1.8% during the third quarter. Inspire Advisors LLC now owns 24,720 shares of the financial services provider’s stock valued at $700,000 after buying an additional 435 shares during the period. Arizona State Retirement System raised its holdings in Home BancShares by 0.8% in the 3rd quarter. Arizona State Retirement System now owns 55,511 shares of the financial services provider’s stock valued at $1,571,000 after acquiring an additional 463 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Home BancShares by 0.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 66,765 shares of the financial services provider’s stock worth $1,900,000 after purchasing an additional 469 shares during the period. Trust Point Inc. boosted its holdings in shares of Home BancShares by 7.5% during the third quarter. Trust Point Inc. now owns 8,220 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 576 shares during the last quarter. Finally, Binnacle Investments Inc boosted its holdings in shares of Home BancShares by 76.7% during the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 577 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home BancShares

In related news, Director Donna Townsell sold 5,563 shares of the firm’s 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 6.30% of the stock is owned by insiders.

Home BancShares Trading Up 0.3%

Shares of HOMB stock opened at $29.44 on Wednesday. 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, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $30.83. The firm’s 50 day moving average price is $28.82 and its two-hundred day moving average price is $28.41. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 12.21 and a beta of 0.80.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $282.09 million during the quarter, compared to analyst estimates of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. On average, analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, February 11th. Home BancShares’s payout ratio is currently 34.85%.

Wall Street Analysts Forecast Growth

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

About Home BancShares

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.