Capital Research Global Investors boosted its holdings in shares of Home BancShares, Inc. (NYSE:HOMB – Free Report) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 5,588,267 shares of the financial services provider’s stock after purchasing an additional 238,548 shares during the quarter. Capital Research Global Investors’ holdings in Home BancShares were worth $155,242,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of HOMB. Vise Technologies Inc. acquired a new stake in Home BancShares in the fourth quarter valued at $306,000. Goldman Sachs Group Inc. increased its holdings in Home BancShares by 10.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,475,609 shares of the financial services provider’s stock valued at $40,992,000 after purchasing an additional 140,735 shares during the period. Norges Bank acquired a new stake in Home BancShares in the fourth quarter valued at $66,673,000. Eurizon Capital SGR S.p.A. acquired a new stake in Home BancShares in the fourth quarter valued at $58,000. Finally, Rothschild Investment LLC increased its holdings in Home BancShares by 58.3% in the fourth quarter. Rothschild Investment LLC now owns 3,596 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,324 shares during the period. Institutional investors own 67.31% of the company’s stock.
Home BancShares Stock Down 0.1%
Home BancShares stock opened at $27.10 on Tuesday. 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, Inc. has a 12-month low of $25.50 and a 12-month high of $30.83. The firm’s fifty day moving average is $26.85 and its 200 day moving average is $27.76. The company has a market capitalization of $5.46 billion, a PE ratio of 11.15 and a beta of 0.68.
Home BancShares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were 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 was Wednesday, May 13th. Home BancShares’s payout ratio is presently 34.57%.
Insiders Place Their Bets
In related news, CEO John W. Allison bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were bought at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the transaction, the chief executive officer directly owned 5,798,926 shares of the company’s stock, valued at approximately $156,339,044.96. The trade was a 1.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer C. Floyd sold 3,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the transaction, the chief accounting officer owned 4,635 shares in the company, valued at $125,654.85. The trade was 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 insiders.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on HOMB shares. Stephens decreased their price objective on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Zacks Research downgraded Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Weiss Ratings lowered shares of Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods reduced their price objective on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.20.
Get Our Latest Stock Report on HOMB
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.
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