Home BancShares, Inc. $HOMB Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,765 shares of the financial services provider’s stock after acquiring an additional 469 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Home BancShares were worth $1,900,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Home BancShares in the first quarter valued at approximately $39,000. Summit Securities Group LLC acquired a new position in Home BancShares in the first quarter valued at approximately $64,000. GAMMA Investing LLC lifted its holdings in Home BancShares by 60.8% in the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 995 shares during the last quarter. UMB Bank n.a. lifted its holdings in Home BancShares by 25.6% in the second quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 677 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Home BancShares by 155.8% in the first quarter. Geneos Wealth Management Inc. now owns 3,817 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 2,325 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John W. Allison sold 110,000 shares of Home BancShares stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the completion of the sale, the chief executive officer directly owned 5,540,776 shares in the company, valued at approximately $166,334,095.52. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.

Home BancShares Price Performance

Shares of NYSE:HOMB opened at $26.71 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.26 billion, a P/E ratio of 11.51 and a beta of 0.78. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $32.90. The company has a 50-day moving average price of $28.45 and a 200 day moving average price of $28.43.

Home BancShares (NYSE:HOMB) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Home BancShares had a net margin of 31.20% and a return on equity of 10.94%. The firm had revenue of $277.70 million during the quarter, compared to the consensus estimate of $269.96 million. During the same quarter last year, the firm earned $0.50 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. Research analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, November 12th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s payout ratio is 34.48%.

Analysts Set New Price Targets

HOMB has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on Home BancShares in a research note on Wednesday, September 10th. They set a “neutral” rating and a $32.00 price target on the stock. Piper Sandler set a $34.00 price target on Home BancShares and gave the stock an “overweight” rating in a research note on Friday, October 17th. Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “buy (b)” rating on shares of Home BancShares in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their price target 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $32.83.

Home BancShares 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.