Home BancShares, Inc. $HOMB Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its position in Home BancShares, Inc. (NYSE:HOMB) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 950,701 shares of the financial services provider’s stock after selling 111,712 shares during the quarter. Home BancShares comprises 0.6% of Kennedy Capital Management LLC’s holdings, making the stock its 20th largest position. Kennedy Capital Management LLC’s holdings in Home BancShares were worth $26,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HOMB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Home BancShares by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,497 shares of the financial services provider’s stock worth $12,453,000 after buying an additional 15,259 shares during the period. Jane Street Group LLC boosted its holdings in shares of Home BancShares by 82.7% in the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after acquiring an additional 125,301 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Home BancShares in the second quarter worth $283,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Home BancShares during the second quarter worth $944,000. Finally, Allworth Financial LP raised its holdings in shares of Home BancShares by 809.1% during the second quarter. Allworth Financial LP now owns 6,682 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 5,947 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Buying and Selling at Home BancShares

In other Home BancShares news, Director Donna Townsell sold 5,563 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total value of $157,877.94. Following the transaction, the director owned 218,460 shares in the company, valued at approximately $6,199,894.80. This trade represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John W. Allison II sold 5,000 shares of Home BancShares stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the sale, the director directly owned 651,995 shares in the company, valued at approximately $18,379,739.05. This trade represents a 0.76% decrease in their position. The SEC filing for this sale provides additional information. 6.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on HOMB. Cantor Fitzgerald lowered their price target on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a research note on Monday, January 12th. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 target price (up from $34.00) on shares of Home BancShares in a report on Friday, January 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Home BancShares has a consensus rating of “Moderate Buy” and an average price target of $32.40.

Home BancShares Price Performance

Shares of HOMB stock traded down $0.13 during trading hours on Friday, hitting $26.20. 76,671 shares of the company’s stock were exchanged, compared to its average volume of 1,375,086. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.18. The firm has a market cap of $5.15 billion, a P/E ratio of 10.88 and a beta of 0.78. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $30.83. The firm has a 50 day moving average of $28.64 and a two-hundred day moving average of $28.36.

Home BancShares (NYSE:HOMB) last announced its earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business had revenue of $269.25 million for the quarter, compared to analyst estimates of $272.48 million. During the same quarter last year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, February 11th. Home BancShares’s payout ratio is presently 34.85%.

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.