Home BancShares, Inc. $HOMB Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its holdings in Home BancShares, Inc. (NYSE:HOMB) by 809.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,682 shares of the financial services provider’s stock after purchasing an additional 5,947 shares during the period. Allworth Financial LP’s holdings in Home BancShares were worth $190,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in Home BancShares in the 1st quarter worth about $41,431,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Home BancShares in the second quarter worth approximately $5,825,000. T. Rowe Price Investment Management Inc. boosted its position 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 worth $237,594,000 after acquiring an additional 196,563 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in Home BancShares in the second quarter valued at approximately $3,783,000. Finally, Dark Forest Capital Management LP acquired a new position in Home BancShares during the first quarter worth approximately $3,680,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Home BancShares

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 5,540,776 shares of the company’s stock, valued at $166,334,095.52. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.30% of the stock is owned by corporate insiders.

Home BancShares Price Performance

HOMB opened at $26.64 on Wednesday. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $32.90. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 11.48 and a beta of 0.81. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $27.82 and a 200 day simple moving average of $28.44.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Home BancShares had a net margin of 31.20% and a return on equity of 10.94%. The company had revenue of $277.67 million during the quarter, compared to analysts’ expectations of $269.96 million. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.21 per share. This is a boost from Home BancShares’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, November 12th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Home BancShares’s payout ratio is 36.21%.

Analyst Ratings Changes

HOMB has been the topic of a number of research analyst reports. Piper Sandler set a $34.00 price target on shares of Home BancShares and gave the company an “overweight” rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home BancShares in a research report on Wednesday, October 8th. Cantor Fitzgerald started coverage on Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Home BancShares currently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

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.