Home BancShares, Inc. $HOMB Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 220.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,900 shares of the financial services provider’s stock after acquiring an additional 48,053 shares during the period. SG Americas Securities LLC’s holdings in Home BancShares were worth $1,942,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Home BancShares by 3.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 440,497 shares of the financial services provider’s stock worth $12,453,000 after purchasing an additional 15,259 shares in the last quarter. Jane Street Group LLC raised its stake in Home BancShares by 82.7% during the first quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock valued at $7,826,000 after buying an additional 125,301 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Home BancShares by 54.1% during the 2nd quarter. Prudential Financial Inc. now owns 29,598 shares of the financial services provider’s stock worth $885,000 after buying an additional 10,396 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Home BancShares by 632.4% in the 2nd quarter. Hsbc Holdings PLC now owns 58,903 shares of the financial services provider’s stock worth $1,688,000 after acquiring an additional 50,861 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Home BancShares by 148.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 278,941 shares of the financial services provider’s stock worth $7,939,000 after acquiring an additional 166,527 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HOMB. Piper Sandler reissued 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 target price on shares of Home BancShares in a report on Monday, January 12th. Cantor Fitzgerald decreased their price target 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. Wall Street Zen raised shares of Home BancShares from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research lowered shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.40.

Home BancShares Stock Performance

HOMB stock opened at $27.20 on Monday. Home BancShares, Inc. has a 1 year low of $24.22 and a 1 year high of $30.83. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 11.28 and a beta of 0.75. 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 stock’s fifty day moving average is $27.99 and its two-hundred day moving average is $28.00.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $269.25 million during 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 company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. On average, research analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 11th were paid a $0.21 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. Home BancShares’s dividend payout ratio (DPR) is presently 34.85%.

Insider Buying and Selling

In other news, Director Donna Townsell sold 5,563 shares of the business’s stock in a transaction that occurred 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. The trade was a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John W. Allison II sold 5,000 shares of the 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 completion of the transaction, the director directly owned 651,995 shares of the company’s stock, valued at $18,379,739.05. This trade represents a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 6.39% 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.