Dimensional Fund Advisors LP Acquires 45,848 Shares of Home BancShares, Inc. $HOMB

Dimensional Fund Advisors LP grew its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,957,496 shares of the financial services provider’s stock after buying an additional 45,848 shares during the period. Dimensional Fund Advisors LP owned 3.03% of Home BancShares worth $168,597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Inspire Advisors LLC lifted its stake in Home BancShares by 1.8% in the third quarter. Inspire Advisors LLC now owns 24,720 shares of the financial services provider’s stock worth $700,000 after acquiring an additional 435 shares during the period. Arizona State Retirement System raised its holdings in Home BancShares by 0.8% in the 3rd quarter. Arizona State Retirement System now owns 55,511 shares of the financial services provider’s stock worth $1,571,000 after purchasing an additional 463 shares in the last quarter. Trust Point Inc. raised its holdings in Home BancShares by 7.5% in the 3rd quarter. Trust Point Inc. now owns 8,220 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 576 shares in the last quarter. Binnacle Investments Inc lifted its position 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 worth $38,000 after purchasing an additional 577 shares during the period. Finally, Hudson Edge Investment Partners Inc. lifted its position in shares of Home BancShares by 1.6% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 43,062 shares of the financial services provider’s stock worth $1,219,000 after purchasing an additional 689 shares during the period. Institutional investors own 67.31% of the company’s stock.

Home BancShares Stock Performance

Shares of HOMB stock opened at $26.97 on Tuesday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 11.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.91 and a current ratio of 0.91. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $30.83. The company’s 50-day moving average is $28.72 and its 200 day moving average is $28.41.

Home BancShares (NYSE:HOMB) last issued 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. 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 analysts’ expectations of $272.48 million. During the same period in the previous year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current fiscal 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 $0.21 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Home BancShares’s dividend payout ratio (DPR) is presently 34.85%.

Insider Buying and Selling at Home BancShares

In other news, Director Donna Townsell sold 5,563 shares of the company’s 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 transaction, the director directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John W. Allison II sold 5,000 shares of the stock in a transaction on Monday, February 23rd. The shares were 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 in the company, valued at $18,379,739.05. This trade represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.39% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on HOMB. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald lowered their price objective on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price objective (up from $34.00) on shares of Home BancShares in a research report on Friday, January 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Home BancShares in a research report on Monday, December 29th. Finally, Zacks Research upgraded Home BancShares from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.40.

About Home BancShares

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.