Cerity Partners LLC Boosts Holdings in Home BancShares, Inc. (NYSE:HOMB)

Cerity Partners LLC increased its position in Home BancShares, Inc. (NYSE:HOMB) by 48.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,804 shares of the financial services provider’s stock after purchasing an additional 6,102 shares during the quarter. Cerity Partners LLC’s holdings in Home BancShares were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HOMB. Vanguard Group Inc. boosted its position in Home BancShares by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 20,291,980 shares of the financial services provider’s stock valued at $574,263,000 after buying an additional 121,845 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Home BancShares by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider’s stock worth $192,211,000 after acquiring an additional 124,891 shares in the last quarter. Norges Bank acquired a new position in shares of Home BancShares in the fourth quarter worth about $60,169,000. JPMorgan Chase & Co. boosted its holdings in Home BancShares by 24.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,285,348 shares of the financial services provider’s stock valued at $36,375,000 after purchasing an additional 250,703 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in Home BancShares by 0.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,227,379 shares of the financial services provider’s stock valued at $34,735,000 after purchasing an additional 11,354 shares in the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Home BancShares Stock Performance

HOMB stock opened at $28.64 on Friday. The stock’s 50 day simple moving average is $28.67 and its 200 day simple moving average is $28.61. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.90. The firm has a market cap of $5.65 billion, a P/E ratio of 13.08 and a beta of 0.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

Home BancShares (NYSE:HOMB) last released its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The firm had revenue of $271.03 million during the quarter, compared to analyst estimates of $262.56 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.79%. Home BancShares’s dividend payout ratio is currently 36.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HOMB shares. Keefe, Bruyette & Woods upped their target price on Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Piper Sandler increased their price objective on shares of Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Royal Bank Of Canada decreased their price objective 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, Stephens restated an “overweight” rating and issued a $33.00 target price on shares of Home BancShares in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.20.

Insider Transactions at Home BancShares

In related news, CEO John Stephen Tipton sold 24,159 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $27.52, for a total transaction of $664,855.68. Following the completion of the transaction, the chief executive officer owned 53,308 shares in the company, valued at $1,467,036.16. The trade was a 31.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kevin Hester sold 7,128 shares of the company’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the transaction, the insider owned 124,912 shares of the company’s stock, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

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.