Financial Management Professionals Inc. Reduces Holdings in Home BancShares, Inc. $HOMB

Financial Management Professionals Inc. lowered its position in Home BancShares, Inc. (NYSE:HOMB) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 84,005 shares of the financial services provider’s stock after selling 1,590 shares during the period. Financial Management Professionals Inc.’s holdings in Home BancShares were worth $2,391,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Home BancShares by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 2,096 shares in the last quarter. Principal Financial Group Inc. lifted its position in Home BancShares by 0.9% during the first quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider’s stock valued at $12,118,000 after purchasing an additional 4,019 shares in the last quarter. GAMMA Investing LLC lifted its position in Home BancShares by 60.8% during the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 995 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Home BancShares by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock valued at $63,390,000 after purchasing an additional 75,463 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in Home BancShares by 48.0% during the first quarter. Cerity Partners LLC now owns 18,804 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 6,102 shares during the period. Institutional investors own 67.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald assumed coverage on Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Finally, Piper Sandler boosted their target price on Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Insider Activity

In related news, CEO John W. Allison sold 110,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the transaction, the chief executive officer owned 5,540,776 shares of the company’s stock, valued at $166,334,095.52. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.30% of the company’s stock.

Home BancShares Stock Down 0.8%

Shares of NYSE HOMB opened at $28.71 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 13.11 and a beta of 0.81. The stock has a 50 day moving average price of $29.02 and a 200 day moving average price of $28.38. Home BancShares, Inc. has a 52-week low of $24.22 and a 52-week high of $32.90.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $271.03 million during the quarter, compared to analyst estimates of $262.56 million. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.Home BancShares’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. Sell-side analysts expect that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th were issued a $0.20 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. Home BancShares’s payout ratio is presently 36.53%.

Home BancShares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.