Home BancShares, Inc. $HOMB Shares Bought by UMB Bank n.a.

UMB Bank n.a. increased its stake in Home BancShares, Inc. (NYSE:HOMB) by 25.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,323 shares of the financial services provider’s stock after purchasing an additional 677 shares during the quarter. UMB Bank n.a.’s holdings in Home BancShares were worth $95,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HOMB. Nuveen LLC acquired a new stake in shares of Home BancShares in the 1st quarter worth approximately $41,431,000. T. Rowe Price Investment Management Inc. lifted its position in Home BancShares by 2.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider’s stock worth $237,594,000 after purchasing an additional 196,563 shares during the period. Dark Forest Capital Management LP bought a new position in Home BancShares during the 1st quarter valued at $3,680,000. Jane Street Group LLC boosted its stake in Home BancShares by 82.7% during the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after purchasing an additional 125,301 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Home BancShares during the 1st quarter valued at $2,638,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Keefe, Bruyette & Woods upped their price target 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. Piper Sandler raised their price objective on shares of Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Finally, Cantor Fitzgerald started coverage on shares of Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Home BancShares presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Home BancShares Price Performance

NYSE HOMB opened at $28.59 on Thursday. 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, Inc. has a 1 year low of $24.22 and a 1 year high of $32.90. The company has a market cap of $5.63 billion, a PE ratio of 13.05 and a beta of 0.81. The stock’s 50-day moving average price is $29.02 and its two-hundred day moving average price is $28.38.

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

Home BancShares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Home BancShares’s payout ratio is 36.53%.

Insider Activity

In other news, CEO John W. Allison sold 110,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the sale, the chief executive officer owned 5,540,776 shares of the company’s stock, valued at $166,334,095.52. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 6.30% of the stock is owned by 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.