American Century Companies Inc. Cuts Stock Holdings in Home BancShares, Inc. $HOMB

American Century Companies Inc. cut its stake in Home BancShares, Inc. (NYSE:HOMB) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,752,843 shares of the financial services provider’s stock after selling 123,179 shares during the period. American Century Companies Inc.’s holdings in Home BancShares were worth $134,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in Home BancShares by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,572,656 shares of the financial services provider’s stock valued at $130,151,000 after acquiring an additional 26,511 shares during the period. Norges Bank acquired a new stake in shares of Home BancShares in the second quarter valued at about $64,545,000. Bank of New York Mellon Corp boosted its stake in shares of Home BancShares by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,769,612 shares of the financial services provider’s stock worth $50,363,000 after acquiring an additional 25,578 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Home BancShares by 1.8% in the second quarter. Loomis Sayles & Co. L P now owns 1,245,363 shares of the financial services provider’s stock valued at $35,443,000 after purchasing an additional 21,583 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in Home BancShares by 1.6% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 713,618 shares of the financial services provider’s stock valued at $20,195,000 after acquiring an additional 11,235 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John W. Allison II sold 5,000 shares of the company’s stock in a transaction dated 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 owned 651,995 shares in the company, valued at approximately $18,379,739.05. This represents a 0.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna Townsell sold 5,563 shares of the 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 directly owned 218,460 shares in the company, valued at $6,199,894.80. The trade was a 2.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Home BancShares Trading Down 4.9%

Shares of HOMB opened at $27.45 on Monday. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $30.83. The stock has a 50-day moving average price of $28.82 and a 200 day moving average price of $28.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91. The company has a market capitalization of $5.39 billion, a P/E ratio of 11.39 and a beta of 0.78.

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

Home BancShares Announces Dividend

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 yield of 3.1%. The ex-dividend date is Wednesday, February 11th. Home BancShares’s dividend payout ratio is 34.85%.

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.