Home BancShares, Inc. (NYSE:HOMB) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,503 shares of the financial services provider’s stock after selling 371 shares during the period. Atria Wealth Solutions Inc.’s holdings in Home BancShares were worth $608,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position 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 purchasing an additional 995 shares during the period. UMB Bank n.a. boosted its position 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 purchasing an additional 647 shares during the period. Fifth Third Bancorp boosted its position 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 valued at $98,000 after purchasing an additional 1,307 shares during the period. Hohimer Wealth Management LLC acquired a new position in shares of Home BancShares in the 1st quarter valued at $203,000. Finally, 1492 Capital Management LLC acquired a new position in shares of Home BancShares in the 4th quarter valued at $205,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Home BancShares Trading Up 0.8%

Shares of NYSE HOMB opened at $28.85 on Thursday. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $32.90. The firm has a market capitalization of $5.69 billion, a PE ratio of 13.17 and a beta of 0.78. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $28.60 and a two-hundred day moving average price of $28.52.

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

Home BancShares Announces Dividend

The company 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, August 13th. Home BancShares’s payout ratio is currently 36.53%.

Insider Activity

In other news, CEO John Stephen Tipton sold 24,159 shares of Home BancShares stock in a transaction dated 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 sale, the chief executive officer directly owned 53,308 shares in the company, valued at $1,467,036.16. The trade was a 31.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.30% of the stock is currently owned by corporate insiders.

About Home BancShares

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.