Dimensional Fund Advisors LP Increases Position in Home BancShares, Inc. $HOMB

Dimensional Fund Advisors LP increased its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 9.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,720,491 shares of the financial services provider’s stock after buying an additional 559,603 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Home BancShares were worth $180,979,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey boosted its stake in Home BancShares by 0.8% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 52,582 shares of the financial services provider’s stock worth $1,461,000 after buying an additional 410 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Home BancShares by 4.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,360 shares of the financial services provider’s stock worth $293,000 after acquiring an additional 425 shares during the last quarter. Villanova Investment Management Co LLC increased its stake in shares of Home BancShares by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 114,093 shares of the financial services provider’s stock worth $3,170,000 after acquiring an additional 468 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Home BancShares by 76.9% during the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 474 shares during the period. Finally, DRW Securities LLC raised its holdings in shares of Home BancShares by 2.8% during the 4th quarter. DRW Securities LLC now owns 19,495 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 524 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Home BancShares Price Performance

HOMB stock opened at $30.98 on Friday. Home BancShares, Inc. has a 52-week low of $25.50 and a 52-week high of $31.24. 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 stock has a market cap of $6.24 billion, a price-to-earnings ratio of 12.80 and a beta of 0.68. The business has a fifty day moving average of $28.13 and a two-hundred day moving average of $27.91.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The business had revenue of $295.10 million for the quarter, compared to analyst estimates of $288.70 million. Home BancShares had a return on equity of 11.25% and a net margin of 32.10%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 EPS. As a group, research analysts anticipate that Home BancShares, Inc. will post 2.51 earnings per share for the current year.

Home BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be issued a $0.23 dividend. This is an increase from Home BancShares’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, August 12th. This represents a $0.92 annualized dividend and a yield of 3.0%. Home BancShares’s payout ratio is presently 34.71%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HOMB. Stephens boosted their price target on shares of Home BancShares from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Benchmark started coverage on shares of Home BancShares in a research report on Wednesday, June 24th. They set a “hold” rating for the company. Weiss Ratings raised shares of Home BancShares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Home BancShares in a report on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.67.

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.