Aptus Capital Advisors LLC Purchases 50,016 Shares of Home BancShares, Inc. $HOMB

Aptus Capital Advisors LLC lifted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 378,467 shares of the financial services provider’s stock after purchasing an additional 50,016 shares during the quarter. Aptus Capital Advisors LLC owned about 0.19% of Home BancShares worth $10,711,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Binnacle Investments Inc lifted its stake in 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 acquiring an additional 577 shares in the last quarter. First Horizon Corp acquired a new position in shares of Home BancShares during the 3rd quarter worth about $43,000. Rothschild Investment LLC boosted its position in Home BancShares by 505.9% during the third quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,897 shares during the last quarter. Geneos Wealth Management Inc. increased 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 worth $146,000 after purchasing an additional 1,299 shares during the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of Home BancShares in the 2nd quarter valued at approximately $146,000. 67.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HOMB has been the subject of a number of recent analyst reports. Cantor Fitzgerald cut their price target on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday. Royal Bank Of Canada set a $31.00 price objective on Home BancShares in a research report on Monday, January 12th. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price target (up from $34.00) on shares of Home BancShares in a report on Friday, January 16th. Finally, Zacks Research upgraded shares of Home BancShares from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. 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’s stock. According to MarketBeat.com, the stock presently 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 Friday. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $30.83. 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 cap of $5.31 billion, a PE ratio of 11.21 and a beta of 0.78. The firm’s 50 day simple moving average is $28.75 and its 200 day simple moving average is $28.42.

Home BancShares (NYSE:HOMB) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates 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%. Home BancShares’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. On average, research analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 11th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 11th. Home BancShares’s dividend payout ratio is currently 34.85%.

Insider Buying and Selling at Home BancShares

In related news, Director John W. Allison II sold 5,000 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna Townsell sold 5,563 shares of the business’s stock in a transaction dated 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 directly owned 218,460 shares in the company, 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. Corporate insiders own 6.30% of the company’s stock.

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.