Home BancShares, Inc. $HOMB is Barr E S & Co.’s 10th Largest Position

Barr E S & Co. lifted its stake in Home BancShares, Inc. (NYSE:HOMB) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,413,987 shares of the financial services provider’s stock after buying an additional 70,717 shares during the period. Home BancShares makes up 3.5% of Barr E S & Co.’s portfolio, making the stock its 10th biggest position. Barr E S & Co.’s holdings in Home BancShares were worth $67,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Home BancShares by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 20,423,768 shares of the financial services provider’s stock valued at $567,372,000 after purchasing an additional 621,751 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Home BancShares by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 5,957,496 shares of the financial services provider’s stock valued at $168,597,000 after purchasing an additional 45,848 shares during the period. First Trust Advisors LP boosted its stake in shares of Home BancShares by 52.5% in the third quarter. First Trust Advisors LP now owns 2,230,065 shares of the financial services provider’s stock valued at $63,111,000 after purchasing an additional 767,844 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Home BancShares by 4.4% in the third quarter. Fisher Asset Management LLC now owns 2,082,532 shares of the financial services provider’s stock valued at $58,936,000 after purchasing an additional 88,563 shares during the period. Finally, UBS Group AG boosted its stake in shares of Home BancShares by 2.0% in the fourth quarter. UBS Group AG now owns 1,593,647 shares of the financial services provider’s stock valued at $44,272,000 after purchasing an additional 31,161 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Trading Down 0.8%

NYSE HOMB opened at $25.65 on Friday. Home BancShares, Inc. has a 12 month low of $25.50 and a 12 month high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 10.56 and a beta of 0.69. The company’s fifty day moving average price is $26.83 and its two-hundred day moving average price is $27.80.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The firm had revenue of $266.71 million for the quarter, compared to the consensus estimate of $274.06 million. During the same period in the prior year, the firm posted $0.56 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Home BancShares, Inc. will post 2.48 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, May 13th. Home BancShares’s dividend payout ratio is 34.57%.

Insiders Place Their Bets

In other Home BancShares news, Director John W. Allison II sold 5,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the transaction, the director owned 651,995 shares of the company’s stock, valued at $18,379,739.05. This trade represents a 0.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total value of $81,330.00. Following the transaction, the chief accounting officer directly owned 4,635 shares in the company, valued at approximately $125,654.85. This represents a 39.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 6.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on HOMB. Piper Sandler set a $33.00 target price on shares of Home BancShares and gave the company an “overweight” rating in a research note 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. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Cantor Fitzgerald reduced their price target on Home BancShares from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Finally, Stephens reduced their price target on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.40.

Home BancShares 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.