Home BancShares, Inc. $HOMB Shares Bought by Fieldview Capital Management LLC

Fieldview Capital Management LLC raised its position in Home BancShares, Inc. (NYSE:HOMB) by 86.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,552 shares of the financial services provider’s stock after buying an additional 57,358 shares during the period. Fieldview Capital Management LLC owned about 0.06% of Home BancShares worth $3,497,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Great Lakes Advisors LLC increased its position in shares of Home BancShares by 92.6% in the third quarter. Great Lakes Advisors LLC now owns 216,728 shares of the financial services provider’s stock valued at $6,133,000 after buying an additional 104,212 shares in the last quarter. Vest Financial LLC lifted its position in shares of Home BancShares by 82.9% during the 3rd quarter. Vest Financial LLC now owns 134,033 shares of the financial services provider’s stock valued at $3,793,000 after buying an additional 60,753 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Home BancShares by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 4,876,022 shares of the financial services provider’s stock valued at $138,772,000 after buying an additional 626,655 shares in the last quarter. Fisher Asset Management LLC grew its stake in Home BancShares by 4.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,082,532 shares of the financial services provider’s stock valued at $58,936,000 after acquiring an additional 88,563 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in Home BancShares by 490.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 77,379 shares of the financial services provider’s stock valued at $2,190,000 after acquiring an additional 64,269 shares during the period. 67.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Home BancShares news, Director Donna Townsell sold 5,563 shares of the firm’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 transaction, the director directly owned 218,460 shares of the company’s stock, valued at $6,199,894.80. This trade represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John W. Allison II sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the transaction, the director owned 651,995 shares in the company, valued at approximately $18,379,739.05. This represents a 0.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on HOMB shares. Cantor Fitzgerald reduced their price objective on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Piper Sandler reiterated an “overweight” rating and issued a $35.00 target price (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada set a $31.00 price target on shares of Home BancShares in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. One 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.40.

Home BancShares Stock Down 2.1%

NYSE HOMB opened at $27.01 on Monday. The business has a fifty day moving average price of $28.75 and a 200 day moving average price of $28.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $5.31 billion, a P/E ratio of 11.21 and a beta of 0.78. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $30.83.

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

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 11th were given a dividend of $0.21 per share. The ex-dividend date was 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 presently 34.85%.

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.