Barclays PLC Sells 21,025 Shares of Home BancShares, Inc. $HOMB

Barclays PLC cut its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,028,866 shares of the financial services provider’s stock after selling 21,025 shares during the period. Barclays PLC owned about 0.52% of Home BancShares worth $29,117,000 at the end of the most recent reporting period.

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

Home BancShares Price Performance

Shares of HOMB stock opened at $26.69 on Wednesday. The firm’s 50 day moving average price is $28.70 and its two-hundred day moving average price is $28.38. 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 52-week low of $24.22 and a 52-week high of $30.83. The stock has a market cap of $5.25 billion, a PE ratio of 11.07 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last posted 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 return on equity of 11.16% and a net margin of 32.18%.The company had revenue of $269.25 million during the quarter, compared to analyst estimates of $272.48 million. During the same period in the previous year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Announces Dividend

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

Insider Buying and Selling at Home BancShares

In other Home BancShares news, Director Donna Townsell sold 5,563 shares of Home BancShares stock in a transaction 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Allison II sold 5,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $28.19, for a total value of $140,950.00. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on HOMB shares. Zacks Research raised Home BancShares from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Home BancShares in a research note on Monday, December 29th. Cantor Fitzgerald reduced their target price on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Royal Bank Of Canada set a $31.00 target price on shares of Home BancShares in a report on Monday, January 12th. Finally, Piper Sandler reiterated 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.40.

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.