GAMMA Investing LLC Sells 728 Shares of Home BancShares, Inc. $HOMB

GAMMA Investing LLC reduced its position in Home BancShares, Inc. (NYSE:HOMB) by 27.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,904 shares of the financial services provider’s stock after selling 728 shares during the quarter. GAMMA Investing LLC’s holdings in Home BancShares were worth $54,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. boosted its position in Home BancShares by 2.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider’s stock valued at $237,594,000 after acquiring an additional 196,563 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Home BancShares by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock valued at $63,390,000 after purchasing an additional 75,463 shares during the period. Nuveen LLC acquired a new position in shares of Home BancShares in the 1st quarter valued at about $41,431,000. Royce & Associates LP boosted its position in shares of Home BancShares by 0.5% during the 1st quarter. Royce & Associates LP now owns 1,123,775 shares of the financial services provider’s stock valued at $31,769,000 after purchasing an additional 5,239 shares in the last quarter. Finally, Boston Partners grew its stake in Home BancShares by 1.4% during the first quarter. Boston Partners now owns 990,030 shares of the financial services provider’s stock worth $27,830,000 after purchasing an additional 13,813 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Trading Up 0.4%

Shares of Home BancShares stock opened at $28.12 on Friday. The company has a market capitalization of $5.54 billion, a P/E ratio of 12.84 and a beta of 0.78. The stock has a fifty day simple moving average of $28.87 and a 200 day simple moving average of $28.38. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.90. 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 issued its quarterly earnings data 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 business 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 business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. On average, sell-side analysts anticipate 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 was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 13th. This represents a $0.80 annualized dividend and a yield of 2.8%. Home BancShares’s payout ratio is 36.53%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Piper Sandler boosted their price target on Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods boosted their target price on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Home BancShares in a research note on Saturday, September 27th. Cantor Fitzgerald began coverage on shares of Home BancShares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price target for the company. Finally, Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Insider Transactions at Home BancShares

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the stock in a transaction dated Tuesday, August 26th. The shares were 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 in the company, valued at approximately $166,334,095.52. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.

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.