Elo Mutual Pension Insurance Co Acquires 26,524 Shares of Home BancShares, Inc. $HOMB

Elo Mutual Pension Insurance Co boosted its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 142.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,079 shares of the financial services provider’s stock after acquiring an additional 26,524 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Home BancShares were worth $1,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its position in shares of Home BancShares by 4.4% during the third quarter. Fisher Asset Management LLC now owns 2,082,532 shares of the financial services provider’s stock worth $58,936,000 after purchasing an additional 88,563 shares in the last quarter. Rafferty Asset Management LLC raised its position in Home BancShares by 15.0% in the 3rd quarter. Rafferty Asset Management LLC now owns 180,935 shares of the financial services provider’s stock worth $5,120,000 after purchasing an additional 23,637 shares during the last quarter. Quantbot Technologies LP acquired a new position in Home BancShares during the 3rd quarter worth $404,000. R Squared Ltd boosted its position in Home BancShares by 70.5% in the 3rd quarter. R Squared Ltd now owns 15,048 shares of the financial services provider’s stock valued at $426,000 after buying an additional 6,221 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Home BancShares in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HOMB. Piper Sandler restated an “overweight” rating and set a $35.00 target price (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. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Finally, Cantor Fitzgerald cut their price objective on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.40.

Insider Transactions at Home BancShares

In other news, Director John W. Allison II sold 5,000 shares of Home BancShares stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the transaction, the director owned 651,995 shares in the company, valued at $18,379,739.05. The trade was a 0.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna Townsell sold 5,563 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total value of $157,877.94. Following the completion of the transaction, the director owned 218,460 shares of the company’s stock, valued at $6,199,894.80. This represents a 2.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.30% of the stock is currently owned by insiders.

Home BancShares Stock Down 1.4%

Home BancShares stock opened at $27.64 on Friday. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 11.47 and a beta of 0.78. The company’s 50 day simple moving average is $28.77 and its 200 day simple moving average is $28.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.90. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $30.83.

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

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, February 11th. This represents a $0.84 annualized dividend and a yield of 3.0%. Home BancShares’s payout ratio is currently 34.85%.

Home BancShares Company 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.