Susquehanna International Group LLP lessened its holdings in shares of Home BancShares, Inc. (NYSE:HOMB – Free Report) by 86.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,141 shares of the financial services provider’s stock after selling 126,118 shares during the quarter. Susquehanna International Group LLP’s holdings in Home BancShares were worth $546,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its holdings in shares of Home BancShares by 76.9% during the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after buying an additional 474 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Home BancShares by 164.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 674 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Home BancShares in the fourth quarter worth about $36,000. Covestor Ltd increased its holdings in Home BancShares by 110.6% in the fourth quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock valued at $37,000 after buying an additional 697 shares during the last quarter. Finally, Binnacle Investments Inc increased its holdings in Home BancShares by 76.7% in the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after buying an additional 577 shares during the last quarter. 67.31% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Home BancShares news, CEO John Stephen Tipton sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total value of $379,080.00. Following the sale, the chief executive officer owned 76,308 shares in the company, valued at approximately $2,410,569.72. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.39% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on Home BancShares
Home BancShares Trading Down 0.5%
NYSE:HOMB opened at $29.48 on Tuesday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 12.18 and a beta of 0.69. The business has a 50 day simple moving average of $30.04 and a 200 day simple moving average of $28.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. Home BancShares, Inc. has a 12-month low of $25.50 and a 12-month high of $31.70.
Home BancShares (NYSE:HOMB – Get Free Report) last posted its earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Home BancShares had a return on equity of 11.12% and a net margin of 32.10%.The company had revenue of $295.10 million for the quarter, compared to analysts’ expectations of $288.70 million. During the same period last year, the business posted $0.58 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts predict that Home BancShares, Inc. will post 2.51 EPS for the current year.
Home BancShares Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.21. Home BancShares’s dividend payout ratio (DPR) is presently 38.02%.
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.
See Also
- Five stocks we like better than Home BancShares
- Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting Season
- Insiders Are Betting Big on These 3 Healthcare Stocks
- 3 Stocks for Investors Who Still Believe Cash Is King
- Dollar General and Dollar Tree Are Recovering, But Not for the Same Reason
Receive News & Ratings for Home BancShares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home BancShares and related companies with MarketBeat.com's FREE daily email newsletter.
