8,827 Shares in Home BancShares, Inc. $HOMB Acquired by R Squared Ltd

R Squared Ltd bought a new position in Home BancShares, Inc. (NYSE:HOMB) in the second quarter, according to its most recent filing with the SEC. The firm bought 8,827 shares of the financial services provider’s stock, valued at approximately $251,000.

A number of other institutional investors also recently bought and sold shares of HOMB. GAMMA Investing LLC boosted its stake in Home BancShares by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 995 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Home BancShares by 12.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 2,096 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Home BancShares by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 575 shares in the last quarter. Hudson Edge Investment Partners Inc. boosted its stake in Home BancShares by 5.1% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 42,532 shares of the financial services provider’s stock worth $1,202,000 after purchasing an additional 2,046 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Home BancShares by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider’s stock valued at $12,118,000 after acquiring an additional 4,019 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Stock Performance

HOMB opened at $27.38 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a fifty day moving average price of $28.65 and a 200 day moving average price of $28.40. Home BancShares, Inc. has a 1 year low of $24.22 and a 1 year high of $32.90. The stock has a market cap of $5.40 billion, a P/E ratio of 11.80 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. Home BancShares had a net margin of 31.20% and a return on equity of 10.94%. The firm had revenue of $277.70 million during the quarter, compared to analysts’ expectations of $269.96 million. During the same period in the previous year, the business posted $0.50 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on HOMB. Cantor Fitzgerald began coverage on shares of Home BancShares in a research note on Wednesday, September 10th. They set a “neutral” rating and a $32.00 price objective for the company. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods lifted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research note on Monday, July 21st. Piper Sandler set a $34.00 price objective on shares of Home BancShares and gave the company an “overweight” rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Home BancShares in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.83.

Insider Activity

In related news, CEO John W. Allison sold 110,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the transaction, 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 at the SEC website. 6.30% of the stock is currently owned by corporate 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.