Bessemer Group Inc. Trims Stock Holdings in Home BancShares, Inc. $HOMB

Bessemer Group Inc. lowered its stake in Home BancShares, Inc. (NYSE:HOMB) by 44.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,783 shares of the financial services provider’s stock after selling 15,821 shares during the quarter. Bessemer Group Inc.’s holdings in Home BancShares were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HOMB. BTC Capital Management Inc. raised its stake in Home BancShares by 2.3% during the 2nd quarter. BTC Capital Management Inc. now owns 16,683 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 374 shares during the period. State of Michigan Retirement System boosted its position in shares of Home BancShares by 0.9% in the first quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider’s stock worth $1,250,000 after purchasing an additional 400 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Home BancShares by 0.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 66,765 shares of the financial services provider’s stock worth $1,900,000 after purchasing an additional 469 shares in the last quarter. Xponance Inc. raised its position 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 valued at $757,000 after purchasing an additional 476 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Home BancShares by 1.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider’s stock valued at $1,464,000 after purchasing an additional 500 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Home BancShares Trading Down 0.1%

Shares of HOMB stock opened at $26.71 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 11.51 and a beta of 0.78. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.90. The stock’s 50-day moving average price is $28.45 and its 200-day moving average price is $28.45.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share 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 business had revenue of $277.70 million during the quarter, compared to analysts’ expectations of $269.96 million. During the same quarter last year, the business posted $0.50 EPS. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 3rd. Investors of record on Wednesday, November 12th will be given a $0.21 dividend. This is a boost from Home BancShares’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, November 12th. Home BancShares’s dividend payout ratio (DPR) is presently 34.48%.

Analysts Set New Price Targets

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

Insider Transactions at Home BancShares

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the completion of the transaction, the chief executive officer owned 5,540,776 shares in the company, valued at $166,334,095.52. This trade represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by insiders.

Home BancShares 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.