Home BancShares, Inc. $HOMB Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 612,407 shares of the financial services provider’s stock after selling 17,066 shares during the period. Rhumbline Advisers’ holdings in Home BancShares were worth $17,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HOMB. Binnacle Investments Inc grew its stake in shares of Home BancShares by 76.7% during the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 577 shares in the last quarter. First Horizon Corp acquired a new stake in Home BancShares during the 3rd quarter valued at approximately $43,000. Hantz Financial Services Inc. grew its stake in Home BancShares by 4,480.3% during the 2nd 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 in the last quarter. Geneos Wealth Management Inc. increased its holdings in Home BancShares by 34.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,116 shares of the financial services provider’s stock worth $146,000 after purchasing an additional 1,299 shares during the last quarter. Finally, Caldwell Trust Co acquired a new position in shares of Home BancShares in the 2nd quarter valued at approximately $146,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity

In related news, Director Donna Townsell sold 5,563 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total transaction of $157,877.94. Following the completion of the transaction, the director directly owned 218,460 shares in the company, valued at $6,199,894.80. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HOMB. Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Piper Sandler reissued an “overweight” rating and issued a $35.00 target price (up previously from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Zacks Research raised Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Home BancShares Trading Up 0.3%

Home BancShares stock opened at $29.44 on Wednesday. The firm’s 50-day moving average is $28.82 and its 200-day moving average is $28.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.91. Home BancShares, Inc. has a 1 year low of $24.22 and a 1 year high of $30.83. The company has a market cap of $5.79 billion, a P/E ratio of 12.21 and a beta of 0.80.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $282.09 million during the quarter, compared to the consensus estimate of $272.48 million. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 EPS. On average, equities analysts expect that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, February 11th. Home BancShares’s dividend payout ratio is presently 34.85%.

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.