GAMMA Investing LLC Increases Stake in Home BancShares, Inc. (NYSE:HOMB)

GAMMA Investing LLC lifted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 60.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,632 shares of the financial services provider’s stock after purchasing an additional 995 shares during the quarter. GAMMA Investing LLC’s holdings in Home BancShares were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HOMB. Nomura Asset Management Co. Ltd. raised its holdings in Home BancShares by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 530 shares during the period. Kwmg LLC grew its holdings in shares of Home BancShares by 0.3% in the first quarter. Kwmg LLC now owns 242,066 shares of the financial services provider’s stock valued at $6,843,000 after purchasing an additional 627 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Home BancShares by 32.4% in the 1st quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider’s stock worth $75,000 after buying an additional 647 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Home BancShares by 2.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,585 shares of the financial services provider’s stock worth $894,000 after acquiring an additional 748 shares during the last quarter. Finally, United Services Automobile Association raised its holdings in Home BancShares by 6.6% during the 4th quarter. United Services Automobile Association now owns 12,523 shares of the financial services provider’s stock valued at $354,000 after buying an additional 774 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HOMB shares. Stephens reissued an “overweight” rating and issued a $33.00 price objective on shares of Home BancShares in a research note on Monday, April 21st. Royal Bank Of Canada reduced their target price on shares of Home BancShares from $33.00 to $31.00 and set a “sector perform” rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Home BancShares Stock Performance

HOMB opened at $29.74 on Wednesday. Home BancShares, Inc. has a 12-month low of $23.23 and a 12-month high of $32.91. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.87 billion, a PE ratio of 14.16 and a beta of 0.79. The firm has a 50 day moving average of $28.52 and a two-hundred day moving average of $28.52.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Home BancShares had a net margin of 28.44% and a return on equity of 10.49%. The business had revenue of $260.08 million for the quarter, compared to analysts’ expectations of $255.20 million. On average, analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were paid a $0.20 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 2.69%. This is a boost from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s dividend payout ratio (DPR) is currently 38.10%.

Insider Transactions at Home BancShares

In related news, insider Kevin Hester sold 7,128 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the transaction, the insider directly owned 124,912 shares in the company, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the completion of the sale, the chief accounting officer owned 4,301 shares of the company’s stock, valued at $118,062.45. This trade represents a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,787 shares of company stock valued at $937,840 over the last 90 days. Corporate insiders own 6.30% of the company’s stock.

Home BancShares 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.