95,668 Shares in Home BancShares, Inc. $HOMB Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Home BancShares, Inc. (NYSE:HOMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 95,668 shares of the financial services provider’s stock, valued at approximately $2,658,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Home BancShares by 3.1% in the 4th 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 last quarter. Dimensional Fund Advisors LP grew its stake in shares of Home BancShares by 0.8% in the 3rd 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 last quarter. Barr E S & Co. grew its stake in shares of Home BancShares by 3.0% in the 4th quarter. Barr E S & Co. now owns 2,413,987 shares of the financial services provider’s stock valued at $67,061,000 after purchasing an additional 70,717 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Home BancShares by 52.5% in the 3rd 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 last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Home BancShares by 4.4% in the 3rd 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 last quarter. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Home BancShares Stock Up 0.6%

HOMB opened at $26.77 on Wednesday. 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 business has a 50 day simple moving average of $26.79 and a 200-day simple moving average of $27.78. The stock has a market capitalization of $5.39 billion, a P/E ratio of 11.02 and a beta of 0.69. Home BancShares, Inc. has a 12 month low of $25.50 and a 12 month high of $30.83.

Home BancShares (NYSE:HOMB) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $266.71 million during the quarter, compared to analysts’ expectations of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. On average, equities analysts anticipate that Home BancShares, Inc. will post 2.48 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 13th. Home BancShares’s dividend payout ratio (DPR) is currently 34.57%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $30.00 target price (down from $31.00) on shares of Home BancShares in a research note on Tuesday, May 19th. Zacks Research downgraded Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Keefe, Bruyette & Woods lowered their target price on Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. Piper Sandler set a $33.00 target price on Home BancShares and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Stephens lowered their target price on Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Home BancShares presently has an average rating of “Moderate Buy” and an average target price of $31.20.

Insider Activity at Home BancShares

In other news, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s 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 completion of the sale, the chief accounting officer directly owned 4,635 shares of the company’s stock, valued at $125,654.85. This trade represents a 39.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Allison purchased 100,000 shares of Home BancShares stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of $26.96 per share, with a total value of $2,696,000.00. Following the completion of the acquisition, the chief executive officer directly owned 5,798,926 shares in the company, valued at approximately $156,339,044.96. This trade represents a 1.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.39% of the stock is owned by company insiders.

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.