Home BancShares, Inc. $HOMB Stock Holdings Lessened by DecisionPoint Financial LLC

DecisionPoint Financial LLC trimmed its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 470,978 shares of the financial services provider’s stock after selling 18,159 shares during the period. Home BancShares comprises 2.3% of DecisionPoint Financial LLC’s portfolio, making the stock its 11th largest position. DecisionPoint Financial LLC’s holdings in Home BancShares were worth $13,451,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HOMB. Hsbc Holdings PLC bought a new position in Home BancShares during the 2nd quarter valued at approximately $4,628,000. Bank of America Corp DE lifted its holdings in Home BancShares by 14.5% in the 1st quarter. Bank of America Corp DE now owns 886,006 shares of the financial services provider’s stock worth $23,860,000 after buying an additional 111,888 shares during the period. Wellington Management Group LLP lifted its holdings in Home BancShares by 23.9% in the 2nd quarter. Wellington Management Group LLP now owns 977,284 shares of the financial services provider’s stock worth $27,901,000 after buying an additional 188,710 shares during the period. First Trust Advisors LP grew its position in shares of Home BancShares by 13.4% in the 1st quarter. First Trust Advisors LP now owns 3,471,607 shares of the financial services provider’s stock worth $93,490,000 after buying an additional 410,719 shares during the last quarter. Finally, Odyssean LLC grew its position in shares of Home BancShares by 93.8% in the 2nd quarter. Odyssean LLC now owns 105,232 shares of the financial services provider’s stock worth $3,004,000 after buying an additional 50,943 shares during the last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Stock Performance

Home BancShares stock opened at $29.67 on Thursday. The stock’s 50 day simple moving average is $29.38 and its two-hundred day simple moving average is $28.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 12.16 and a beta of 0.72. Home BancShares, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $31.70.

Home BancShares (NYSE:HOMB) last released its earnings results on Wednesday, October 14th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $288.44 million during the quarter, compared to analysts’ expectations of $294.42 million. Home BancShares had a return on equity of 11.14% and a net margin of 32.36%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS. As a group, analysts expect that Home BancShares, Inc. will post 2.53 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 annualized dividend and a yield of 3.1%. Home BancShares’s dividend payout ratio (DPR) is currently 37.70%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HOMB shares. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Stephens raised their price target on Home BancShares from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods lifted their price target on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a report on Friday, July 17th. Citigroup reduced their price objective on shares of Home BancShares from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Finally, UBS Group restated a “buy” rating on shares of Home BancShares in a report on Friday, October 16th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.57.

Insider Activity at Home BancShares

In other news, CEO John Tipton sold 12,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total transaction of $379,080.00. Following the sale, the chief executive officer owned 76,308 shares in the company, valued at approximately $2,410,569.72. The trade was a 13.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.39% of the company’s stock.

Home BancShares Profile

Home BancShares, Inc is a bank holding company headquartered in Conway, Arkansas. Through its principal subsidiary, Centennial Bank, the company provides banking services to businesses, individuals and institutions, including commercial and consumer lending, residential and commercial real estate loans, deposit accounts, cash management and online banking services.

Centennial Bank serves customers through a network of financial centers and digital banking channels in markets across Arkansas, Florida, Alabama and Texas.