Home BancShares, Inc. (NYSE:HOMB) Shares Purchased by Bayforest Capital Ltd

Bayforest Capital Ltd raised its stake in Home BancShares, Inc. (NYSE:HOMB) by 59.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,995 shares of the financial services provider’s stock after purchasing an additional 3,726 shares during the period. Bayforest Capital Ltd’s holdings in Home BancShares were worth $283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in Home BancShares during the fourth quarter worth approximately $28,000. Nomura Asset Management Co. Ltd. grew its position in shares of Home BancShares by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 530 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Home BancShares by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 995 shares during the period. 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 valued at $75,000 after acquiring an additional 647 shares during the period. Finally, Fifth Third Bancorp raised its position in Home BancShares by 60.5% in the 1st quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,307 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HOMB. Stephens restated an “overweight” rating and set a $33.00 price target on shares of Home BancShares in a research note on Monday, April 21st. Royal Bank Of Canada dropped their price objective on shares of Home BancShares from $33.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods lifted their target price on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, July 21st. Finally, Piper Sandler boosted their price target on shares of Home BancShares from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.20.

Insider Activity

In other news, insider Kevin Hester sold 7,128 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John Stephen Tipton sold 24,159 shares of the firm’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $27.52, for a total value of $664,855.68. Following the transaction, the chief executive officer directly owned 53,308 shares in the company, valued at $1,467,036.16. This trade represents a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

Home BancShares Trading Down 0.7%

NYSE HOMB opened at $28.13 on Friday. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of 12.84 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $32.90. The company’s 50 day moving average price is $28.66 and its 200 day moving average price is $28.63.

Home BancShares (NYSE:HOMB) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%. The business had revenue of $271.03 million for the quarter, compared to the consensus estimate of $262.56 million. During the same period last year, the business posted $0.52 EPS. The company’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. Home BancShares’s payout ratio is 36.53%.

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.