Mutual of America Capital Management LLC Decreases Stock Holdings in Home BancShares, Inc. (NYSE:HOMB)

Mutual of America Capital Management LLC reduced its stake in Home BancShares, Inc. (NYSE:HOMB) by 0.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 315,946 shares of the financial services provider’s stock after selling 2,508 shares during the quarter. Mutual of America Capital Management LLC owned 0.16% of Home BancShares worth $8,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOMB. Aster Capital Management DIFC Ltd purchased a new position in shares of Home BancShares in the 4th quarter worth about $28,000. GAMMA Investing LLC boosted 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 worth $74,000 after buying an additional 995 shares during the last quarter. UMB Bank n.a. boosted 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. Fifth Third Bancorp boosted its holdings in shares of Home BancShares by 60.5% in the 1st quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider’s stock worth $98,000 after buying an additional 1,307 shares during the last quarter. Finally, 1492 Capital Management LLC purchased a new position in shares of Home BancShares in the 4th quarter worth about $205,000. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home BancShares news, CEO John Stephen Tipton sold 24,159 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $27.52, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is owned by insiders.

Home BancShares Trading Down 1.1%

Shares of HOMB opened at $27.69 on Thursday. The business’s 50-day moving average price is $28.62 and its 200-day moving average price is $28.59. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $32.90. The stock has a market cap of $5.47 billion, a PE ratio of 12.64 and a beta of 0.78. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24.

Home BancShares (NYSE:HOMB) last announced its quarterly 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. The firm had revenue of $271.03 million for the quarter, compared to analysts’ expectations of $262.56 million. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, August 13th. Home BancShares’s dividend payout ratio (DPR) is presently 36.53%.

Wall Street Analysts Forecast Growth

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

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.