American Century Companies Inc. Lowers Stock Position in Home BancShares, Inc. $HOMB

American Century Companies Inc. decreased its position in Home BancShares, Inc. (NYSE:HOMB) by 2.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,752,843 shares of the financial services provider’s stock after selling 123,179 shares during the period. American Century Companies Inc. owned about 2.42% of Home BancShares worth $134,505,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Binnacle Investments Inc increased its stake in shares of Home BancShares by 76.7% in the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 577 shares in the last quarter. First Horizon Corp acquired a new stake in Home BancShares in the third quarter valued at approximately $43,000. Rothschild Investment LLC increased its position in shares of Home BancShares by 505.9% in the third quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider’s stock valued at $64,000 after buying an additional 1,897 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Home BancShares by 4,480.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock worth $80,000 after buying an additional 2,733 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Home BancShares by 34.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,116 shares of the financial services provider’s stock valued at $146,000 after buying an additional 1,299 shares in the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.

Home BancShares Price Performance

Shares of HOMB stock opened at $27.45 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market capitalization of $5.39 billion, a PE ratio of 11.39 and a beta of 0.78. The firm’s 50-day moving average is $28.82 and its two-hundred day moving average is $28.45. Home BancShares, Inc. has a 12 month low of $24.22 and a 12 month high of $30.83.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.60. Home BancShares had a net margin of 32.18% and a return on equity of 11.16%. The business had revenue of $269.25 million during the quarter, compared to the consensus estimate of $272.48 million. During the same quarter last year, the firm earned $0.50 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. Analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th will be given a $0.21 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. Home BancShares’s payout ratio is currently 34.85%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research raised shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Piper Sandler restated an “overweight” rating and set a $35.00 price target (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a report on Monday, January 12th. Finally, Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Home BancShares presently has an average rating of “Moderate Buy” and an average target price of $32.60.

Insider Buying and Selling at Home BancShares

In other news, Director Donna Townsell sold 5,563 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $28.38, for a total transaction of $157,877.94. Following the completion of the transaction, the director directly owned 218,460 shares in the company, valued at approximately $6,199,894.80. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Allison II sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the sale, the director directly owned 651,995 shares of the company’s stock, valued at $18,379,739.05. The trade was a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 6.30% of the company’s stock.

Home BancShares Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company’s core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.