KLP Kapitalforvaltning AS Buys 1,800 Shares of Home BancShares, Inc. $HOMB

KLP Kapitalforvaltning AS grew its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 4.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 39,200 shares of the financial services provider’s stock after purchasing an additional 1,800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Home BancShares were worth $1,116,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HOMB. Nuveen LLC bought a new stake in Home BancShares during the 1st quarter worth approximately $41,431,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of 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 valued at $237,594,000 after acquiring an additional 196,563 shares in the last quarter. DAVENPORT & Co LLC bought a new position in shares of Home BancShares in the second quarter valued at approximately $3,783,000. Dark Forest Capital Management LP bought a new position in shares of Home BancShares in the first quarter valued at approximately $3,680,000. Finally, Jane Street Group LLC grew its holdings in shares of Home BancShares by 82.7% in the first quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after acquiring an additional 125,301 shares in the last quarter. 67.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Piper Sandler upped their target price on Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday. Keefe, Bruyette & Woods upped their target price on Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Monday, July 21st. Cantor Fitzgerald assumed coverage on Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home BancShares in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Insider Buying and Selling at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer owned 5,540,776 shares of the company’s stock, valued at approximately $166,334,095.52. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.30% of the company’s stock.

Home BancShares Trading Up 4.3%

NYSE:HOMB opened at $28.33 on Wednesday. The company has a market cap of $5.58 billion, a P/E ratio of 12.93 and a beta of 0.78. The stock’s fifty day moving average price is $28.80 and its two-hundred day moving average price is $28.35. Home BancShares, Inc. has a 1 year low of $24.22 and a 1 year high of $32.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90.

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

Home BancShares Dividend Announcement

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

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.