Home BancShares, Inc. $HOMB Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,276 shares of the financial services provider’s stock after selling 18,902 shares during the quarter. Corient Private Wealth LLC’s holdings in Home BancShares were worth $924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Home BancShares by 3.6% during 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 during the period. Jane Street Group LLC raised its holdings 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 purchasing an additional 125,301 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Home BancShares by 13.2% in the 2nd quarter. Baird Financial Group Inc. now owns 21,500 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 2,500 shares during the period. Marshall Wace LLP acquired a new position in shares of Home BancShares in the 2nd quarter valued at about $1,015,000. Finally, Jump Financial LLC acquired a new position in shares of Home BancShares in the 2nd quarter valued at about $230,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HOMB has been the subject of a number of research reports. Piper Sandler set a $33.00 target price on Home BancShares and gave the stock an “overweight” rating in a report on Friday, April 17th. Zacks Research cut shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen downgraded shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Benchmark began coverage on shares of Home BancShares in a research report on Wednesday, June 24th. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods cut their target price on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.20.

Home BancShares Trading Down 0.7%

HOMB opened at $28.70 on Friday. The firm’s 50 day moving average is $27.15 and its 200-day moving average is $27.77. Home BancShares, Inc. has a 52-week low of $25.50 and a 52-week high of $30.83. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $5.78 billion, a P/E ratio of 11.81 and a beta of 0.68.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The business had revenue of $266.71 million during the quarter, compared to analyst estimates of $274.06 million. During the same period last year, the business earned $0.56 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Analysts expect that Home BancShares, Inc. will post 2.48 EPS for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, May 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.9%. Home BancShares’s dividend payout ratio (DPR) is currently 34.57%.

Insider Transactions at Home BancShares

In other Home BancShares news, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of the sale, the chief accounting officer owned 4,635 shares in the company, valued at $125,654.85. This trade represents a 39.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Allison acquired 100,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were acquired at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the completion of the acquisition, the chief executive officer directly owned 5,798,926 shares in the company, valued at $156,339,044.96. The trade was a 1.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 6.39% of the stock is currently owned by insiders.

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.