Home BancShares, Inc. $HOMB Stock Position Increased by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 24,937.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,280 shares of the financial services provider’s stock after purchasing an additional 20,199 shares during the period. Global Retirement Partners LLC’s holdings in Home BancShares were worth $563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millennium Capital Advisors LLC acquired a new stake in shares of Home BancShares during the fourth quarter worth $1,450,000. SG Americas Securities LLC grew its stake in Home BancShares by 220.0% in the fourth quarter. SG Americas Securities LLC now owns 69,900 shares of the financial services provider’s stock valued at $1,942,000 after purchasing an additional 48,053 shares in the last quarter. Great Lakes Advisors LLC grew its stake in Home BancShares by 92.6% in the third quarter. Great Lakes Advisors LLC now owns 216,728 shares of the financial services provider’s stock valued at $6,133,000 after purchasing an additional 104,212 shares in the last quarter. Fieldview Capital Management LLC grew its stake in Home BancShares by 86.7% in the third quarter. Fieldview Capital Management LLC now owns 123,552 shares of the financial services provider’s stock valued at $3,497,000 after purchasing an additional 57,358 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Home BancShares by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock worth $567,372,000 after buying an additional 621,751 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HOMB shares. Weiss Ratings cut Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Keefe, Bruyette & Woods cut their price target on Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday, April 20th. Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. 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. Finally, Stephens dropped their target price on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Home BancShares presently has an average rating of “Hold” and a consensus target price of $31.20.

Insiders Place Their Bets

In related news, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s stock in a transaction 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 directly owned 4,635 shares of the company’s stock, valued at $125,654.85. This trade represents a 39.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Allison purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were acquired at an average cost of $26.96 per share, with a total value 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 approximately $156,339,044.96. This represents a 1.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 6.39% of the company’s stock.

Home BancShares Trading Down 0.4%

HOMB stock opened at $26.69 on Thursday. The business has a fifty day moving average price of $26.80 and a 200 day moving average price of $27.78. Home BancShares, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $30.83. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 10.98 and a beta of 0.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92.

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 return on equity of 11.11% and a net margin of 32.48%.The firm had revenue of $266.71 million during the quarter, compared to analysts’ expectations of $274.06 million. During the same period last year, the firm posted $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 declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be issued 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 of this dividend is Wednesday, May 13th. Home BancShares’s dividend payout ratio (DPR) is currently 34.57%.

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.