Boston Partners Decreases Stake in Home BancShares, Inc. $HOMB

Boston Partners cut its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 20.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 791,940 shares of the financial services provider’s stock after selling 198,090 shares during the quarter. Boston Partners owned about 0.40% of Home BancShares worth $22,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BTC Capital Management Inc. grew its position in Home BancShares by 2.3% during the second quarter. BTC Capital Management Inc. now owns 16,683 shares of the financial services provider’s stock worth $473,000 after buying an additional 374 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Home BancShares by 0.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 66,765 shares of the financial services provider’s stock valued at $1,900,000 after acquiring an additional 469 shares during the period. Xponance Inc. boosted its stake in shares of Home BancShares by 1.8% during the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider’s stock worth $757,000 after acquiring an additional 476 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Home BancShares by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider’s stock worth $1,464,000 after acquiring an additional 500 shares during the period. Finally, UMB Bank n.a. increased its stake in Home BancShares by 25.6% in the 2nd quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 677 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home BancShares Trading Down 0.8%

Shares of Home BancShares stock opened at $27.15 on Friday. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $32.90. The business’s fifty day moving average is $27.99 and its two-hundred day moving average is $28.46. 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 firm has a market cap of $5.34 billion, a PE ratio of 11.70 and a beta of 0.81.

Home BancShares (NYSE:HOMB) last released its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The firm had revenue of $277.67 million during the quarter, compared to analyst estimates of $269.96 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Home BancShares’s previous quarterly dividend of $0.20. Home BancShares’s dividend payout ratio is currently 36.21%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Home BancShares in a research report on Wednesday, October 8th. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Cantor Fitzgerald initiated coverage on shares of Home BancShares in a research report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price objective on the stock. Piper Sandler set a $34.00 target price on shares of Home BancShares and gave the company an “overweight” rating in a report on Friday, October 17th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Home BancShares presently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Insider Buying and Selling at Home BancShares

In related news, CEO John W. Allison sold 110,000 shares of the firm’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 sale, the chief executive officer directly owned 5,540,776 shares of the company’s stock, valued at approximately $166,334,095.52. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is currently owned by insiders.

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.