167,475 Shares in Home BancShares, Inc. $HOMB Purchased by AG Campbell Advisory LLC

AG Campbell Advisory LLC purchased a new position in shares of Home BancShares, Inc. (NYSE:HOMB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 167,475 shares of the financial services provider’s stock, valued at approximately $4,652,000. Home BancShares accounts for about 1.5% of AG Campbell Advisory LLC’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds have also made changes to their positions in HOMB. Millennium Capital Advisors LLC purchased a new position in Home BancShares in the fourth quarter valued at $1,450,000. Vanguard Group Inc. increased its holdings in Home BancShares by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock worth $567,372,000 after purchasing an additional 621,751 shares during the period. Norges Bank acquired a new stake in Home BancShares in the 4th quarter valued at about $66,673,000. SG Americas Securities LLC raised its position in Home BancShares by 220.0% in the 4th 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. Finally, Fieldview Capital Management LLC boosted its stake in shares of Home BancShares by 86.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 123,552 shares of the financial services provider’s stock valued at $3,497,000 after buying an additional 57,358 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HOMB. Cantor Fitzgerald restated a “neutral” rating and set a $30.00 target price (down from $31.00) on shares of Home BancShares in a research note on Tuesday, May 19th. Keefe, Bruyette & Woods decreased their price target on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Piper Sandler set a $33.00 price target on shares of Home BancShares and gave the stock an “overweight” rating in a report on Friday, April 17th. Weiss Ratings downgraded shares of Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Stephens reduced their price objective on shares of Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.20.

Insider Buying and Selling

In other news, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the transaction, the chief accounting officer directly owned 4,635 shares in the company, valued at approximately $125,654.85. This trade represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Allison bought 100,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost 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 approximately $156,339,044.96. This trade represents a 1.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.39% of the stock is currently owned by insiders.

Home BancShares Stock Performance

NYSE HOMB opened at $27.68 on Friday. The company has a fifty day moving average of $26.96 and a two-hundred day moving average of $27.75. The company has a market capitalization of $5.57 billion, a PE ratio of 11.39 and a beta of 0.68. Home BancShares, Inc. has a 1 year low of $25.50 and a 1 year high of $30.83. 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 posted its earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $266.71 million during the quarter, compared to the consensus estimate of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS. As a group, analysts expect that Home BancShares, Inc. will post 2.48 earnings per share for the current year.

Home BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.84 annualized dividend and a yield of 3.0%. Home BancShares’s payout ratio is 34.57%.

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.