Home BancShares, Inc. $HOMB Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. decreased its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 47.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,045 shares of the financial services provider’s stock after selling 950 shares during the period. Godsey & Gibb Inc.’s holdings in Home BancShares were worth $30,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Home BancShares by 12.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider’s stock worth $522,000 after buying an additional 2,096 shares during the last quarter. Principal Financial Group Inc. grew its position in Home BancShares by 0.9% in the first quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider’s stock worth $12,118,000 after buying an additional 4,019 shares during the last quarter. GAMMA Investing LLC grew its position 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 worth $74,000 after buying an additional 995 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Home BancShares by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock worth $63,390,000 after buying an additional 75,463 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Home BancShares by 48.0% in the 1st quarter. Cerity Partners LLC now owns 18,804 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 6,102 shares during the period. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Insider Buying and Selling

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was 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 $166,334,095.52. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HOMB shares. Piper Sandler lifted their price objective on shares of Home BancShares from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a report on Monday, July 21st. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald initiated coverage on shares of Home BancShares in a research report on Wednesday, September 10th. They set a “neutral” rating and a $32.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Home BancShares in a research report on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Home BancShares Stock Up 0.4%

Shares of NYSE HOMB opened at $28.20 on Tuesday. The company’s 50 day moving average price is $28.86 and its 200-day moving average price is $28.39. The company has a market capitalization of $5.56 billion, a P/E ratio of 12.88 and a beta of 0.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. Home BancShares, Inc. has a 52-week low of $24.22 and a 52-week high of $32.90.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The firm had revenue of $271.03 million for the quarter, compared to the consensus estimate of $262.56 million. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. Equities analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.80 annualized dividend and a yield of 2.8%. Home BancShares’s dividend payout ratio (DPR) is currently 36.53%.

About Home BancShares

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.