Dynamic Technology Lab Private Ltd Has $1.21 Million Stake in Home BancShares, Inc. $HOMB

Dynamic Technology Lab Private Ltd reduced its position in Home BancShares, Inc. (NYSE:HOMB) by 7.0% during the second quarter, HoldingsChannel reports. The firm owned 42,654 shares of the financial services provider’s stock after selling 3,191 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Home BancShares were worth $1,214,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HOMB. Nuveen LLC bought a new stake in Home BancShares during the first quarter valued at $41,431,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Home BancShares in the 2nd quarter valued at about $5,825,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Home BancShares by 2.4% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider’s stock valued at $237,594,000 after purchasing an additional 196,563 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Home BancShares during the 2nd quarter valued at about $3,783,000. Finally, Dark Forest Capital Management LP acquired a new stake in Home BancShares during the first quarter worth approximately $3,680,000. Institutional investors own 67.31% of the company’s stock.

Home BancShares Trading Down 0.7%

Shares of Home BancShares stock opened at $26.89 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 0.90. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $32.90. The stock has a 50 day moving average price of $27.73 and a two-hundred day moving average price of $28.41. The stock has a market capitalization of $5.29 billion, a PE ratio of 11.59 and a beta of 0.81.

Home BancShares (NYSE:HOMB) last issued its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $277.67 million for the quarter, compared to analysts’ expectations of $269.96 million. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.Home BancShares’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. As a group, equities analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Wednesday, November 12th will be issued a dividend of $0.21 per share. This is an increase from Home BancShares’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, November 12th. Home BancShares’s dividend payout ratio is 36.21%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HOMB. Piper Sandler set a $34.00 price target on Home BancShares and gave the company an “overweight” rating in a research note on Friday, October 17th. Wall Street Zen lowered shares of Home BancShares from a “hold” rating to a “sell” rating in a research note on Sunday, November 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Home BancShares in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald initiated coverage on shares of Home BancShares in a report on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Home BancShares has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Insider Activity at Home BancShares

In related news, CEO John W. Allison sold 110,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 5,540,776 shares in the company, valued at $166,334,095.52. This represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.30% of the stock is currently owned by insiders.

About Home BancShares

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.