Loomis Sayles & Co. L P Increases Position in Home BancShares, Inc. $HOMB

Loomis Sayles & Co. L P raised its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,245,363 shares of the financial services provider’s stock after acquiring an additional 21,583 shares during the period. Loomis Sayles & Co. L P owned approximately 0.63% of Home BancShares worth $35,443,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HOMB. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Home BancShares during the 1st quarter valued at about $39,000. Summit Securities Group LLC purchased a new position in Home BancShares during the first quarter worth approximately $64,000. Hantz Financial Services Inc. grew its holdings in Home BancShares by 4,480.3% in the second quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 2,733 shares during the period. UMB Bank n.a. grew its holdings in Home BancShares by 25.6% in the second quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 677 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Home BancShares by 155.8% in the first quarter. Geneos Wealth Management Inc. now owns 3,817 shares of the financial services provider’s stock valued at $108,000 after buying an additional 2,325 shares in the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Stock Down 0.4%

Shares of NYSE HOMB opened at $28.06 on Friday. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.09. The stock has a market cap of $5.51 billion, a P/E ratio of 12.09 and a beta of 0.81. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $27.57 and its 200-day simple moving average is $28.38.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The company had revenue of $277.67 million for the quarter, compared to analyst estimates of $269.96 million. During the same quarter last year, the company earned $0.50 EPS. Home BancShares’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, equities analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be issued a dividend of $0.21 per share. This is a positive change from Home BancShares’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. Home BancShares’s dividend payout ratio (DPR) is presently 36.21%.

Analyst Upgrades and Downgrades

HOMB has been the topic of a number of recent analyst reports. Piper Sandler set a $34.00 target price on Home BancShares and gave the company an “overweight” rating in a research report on Friday, October 17th. Cantor Fitzgerald initiated coverage on shares of Home BancShares in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Home BancShares in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday, November 2nd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Home BancShares presently has an average rating of “Moderate Buy” and a consensus price target of $32.83.

Home BancShares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.