Home BancShares, Inc. $HOMB Shares Purchased by Creative Planning

Creative Planning increased its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,090 shares of the financial services provider’s stock after buying an additional 2,704 shares during the quarter. Creative Planning’s holdings in Home BancShares were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its holdings 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 acquiring an additional 196,563 shares in the last quarter. Geode Capital Management LLC boosted its stake in Home BancShares by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,572,656 shares of the financial services provider’s stock worth $130,151,000 after purchasing an additional 26,511 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Home BancShares by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock worth $63,390,000 after purchasing an additional 75,463 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Home BancShares by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,769,612 shares of the financial services provider’s stock valued at $50,363,000 after purchasing an additional 25,578 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Home BancShares in the 1st quarter worth $41,431,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Stock Down 0.4%

HOMB stock opened at $27.77 on Tuesday. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $32.90. The firm has a market cap of $5.46 billion, a PE ratio of 11.97 and a beta of 0.81. The firm’s 50 day moving average price is $27.65 and its 200-day moving average price is $28.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 0.90.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The company had revenue of $277.67 million during the quarter, compared to analysts’ expectations of $269.96 million. During the same quarter last year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be issued a $0.21 dividend. This is an increase from Home BancShares’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, November 12th. This represents a $0.84 annualized dividend and a yield of 3.0%. Home BancShares’s payout ratio is presently 36.21%.

Analyst Upgrades and Downgrades

Several analysts have commented on HOMB shares. Weiss Ratings reissued a “buy (b)” rating on shares of Home BancShares in a report on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on shares of Home BancShares in a research report on Wednesday, September 10th. They set a “neutral” rating and a $32.00 price objective for the company. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Sunday, November 2nd. Finally, Piper Sandler set a $34.00 target price on shares of Home BancShares and gave the stock an “overweight” rating in a research note on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.