Fort Washington Investment Advisors Inc. OH Boosts Holdings in Home BancShares, Inc. $HOMB

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 52.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,064,495 shares of the financial services provider’s stock after acquiring an additional 365,440 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Home BancShares were worth $28,667,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HOMB. Pictet Asset Management Holding SA grew its holdings in shares of Home BancShares by 6.0% during the 1st quarter. Pictet Asset Management Holding SA now owns 31,569 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 1,792 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Home BancShares in the 1st quarter worth $1,427,000. BTC Capital Management Inc. lifted its stake in Home BancShares by 7.6% in the first quarter. BTC Capital Management Inc. now owns 22,383 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 1,573 shares during the last quarter. Apella Capital LLC bought a new stake in Home BancShares in the first quarter worth $276,000. Finally, AG Campbell Advisory LLC purchased a new stake in Home BancShares during the fourth quarter valued at about $4,652,000. 67.31% of the stock is currently owned by institutional investors.

Home BancShares Trading Up 0.0%

Shares of HOMB opened at $29.31 on Monday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 12.06 and a beta of 0.68. Home BancShares, Inc. has a twelve month low of $25.50 and a twelve month 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 fifty day simple moving average of $27.01 and a two-hundred day simple moving average of $27.76.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The firm had revenue of $266.71 million during the quarter, compared to the consensus estimate of $274.06 million. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, research analysts anticipate that Home BancShares, Inc. will post 2.48 EPS for the current year.

Home BancShares Dividend Announcement

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

Wall Street Analyst Weigh In

HOMB has been the topic of a number of recent research reports. Piper Sandler set a $33.00 price objective on Home BancShares and gave the company an “overweight” rating in a research note on Friday, April 17th. Keefe, Bruyette & Woods lowered their target price on 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. Zacks Research cut Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Stephens reduced their price target on Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Finally, Benchmark started coverage on Home BancShares in a research note on Wednesday. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $31.20.

Insider Transactions at Home BancShares

In other Home BancShares news, CEO John W. Allison purchased 100,000 shares of the stock in a transaction on Friday, April 17th. The stock was acquired at an average price of $26.96 per share, with a total value of $2,696,000.00. Following the transaction, the chief executive officer directly owned 5,798,926 shares of the company’s stock, valued at approximately $156,339,044.96. This trade represents a 1.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jennifer C. Floyd sold 3,000 shares of the company’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 value of $81,330.00. Following the transaction, the chief accounting officer directly owned 4,635 shares of the company’s stock, valued at $125,654.85. The trade was a 39.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.39% of the stock is owned by insiders.

Home BancShares Company 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.