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Royce & Associates LP cut its stake in shares of Home BancShares, Inc. (NYSE:HOMB – Free Report) by 9.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,008,765 shares of the financial services provider’s stock after selling 104,753 shares during the period. Royce & Associates LP’s holdings in Home BancShares were worth $28,023,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in HOMB. Covestor Ltd raised its position in Home BancShares by 110.6% during the fourth quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 697 shares during the period. Binnacle Investments Inc raised its position in Home BancShares by 76.7% during the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 577 shares during the period. Torren Management LLC acquired a new position in Home BancShares during the fourth quarter worth $49,000. Danske Bank A S acquired a new position in Home BancShares during the third quarter worth $57,000. Finally, Clearstead Advisors LLC raised its position in Home BancShares by 214.0% during the fourth quarter. Clearstead Advisors LLC now owns 2,195 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 1,496 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.
Home BancShares Price Performance
Home BancShares stock opened at $26.63 on Tuesday. Home BancShares, Inc. has a 52-week low of $25.50 and a 52-week high of $30.83. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 10.96 and a beta of 0.69. The company has a fifty day simple moving average of $26.78 and a 200-day simple moving average of $27.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18.
Home BancShares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. Home BancShares’s dividend payout ratio is presently 34.57%.
Insiders Place Their Bets
In other news, CEO John W. Allison acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average price of $26.96 per share, with a total value of $2,696,000.00. Following the completion of the acquisition, the chief executive officer owned 5,798,926 shares of the company’s stock, valued at $156,339,044.96. This trade represents a 1.75% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the completion of the sale, the chief accounting officer directly owned 4,635 shares of the company’s stock, valued at $125,654.85. This represents a 39.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 6.39% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on HOMB. Wall Street Zen cut shares of Home BancShares from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Zacks Research lowered shares of Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $30.00 target price (down from $31.00) on shares of Home BancShares in a report on Tuesday, May 19th. Keefe, Bruyette & Woods dropped their target price on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a report on Monday, April 20th. Finally, Piper Sandler set a $33.00 target price on shares of Home BancShares and gave the stock an “overweight” rating in a report on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.20.
View Our Latest Analysis on HOMB
About Home BancShares
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.
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