Home BancShares, Inc. $HOMB Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in shares of Home BancShares, Inc. (NYSE:HOMB) by 25.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,527 shares of the financial services provider’s stock after selling 32,574 shares during the period. Natixis Advisors LLC’s holdings in Home BancShares were worth $2,653,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Home BancShares by 3.1% during 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 increased its holdings in shares of Home BancShares by 0.8% during 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. Barr E S & Co. increased its holdings in shares of Home BancShares by 3.0% during the fourth 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 period. Norges Bank acquired a new position in shares of Home BancShares during the fourth quarter valued at $66,673,000. Finally, First Trust Advisors LP increased its holdings in shares of Home BancShares by 52.5% during 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. 67.31% of the stock is owned by institutional investors and hedge funds.

Home BancShares Trading Up 1.3%

Shares of HOMB stock opened at $27.38 on Wednesday. The stock has a 50-day simple moving average of $26.87 and a 200 day simple moving average of $27.76. Home BancShares, Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $30.83. The stock has a market capitalization of $5.51 billion, a P/E ratio of 11.27 and a beta of 0.68. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.18.

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

Home BancShares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $0.84 annualized dividend and a yield of 3.1%. Home BancShares’s dividend payout ratio (DPR) is currently 34.57%.

Analysts Set New Price Targets

HOMB has been the topic of a number of research analyst reports. Wall Street Zen lowered Home BancShares from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Piper Sandler set a $33.00 price target on Home BancShares and gave the company an “overweight” rating in a report on Friday, April 17th. Stephens lowered their price target on Home BancShares from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Zacks Research cut Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Weiss Ratings cut Home BancShares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.20.

Insider Activity

In other news, CEO John W. Allison bought 100,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average price of $26.96 per share, with a total value of $2,696,000.00. Following the completion of the purchase, the chief executive officer directly owned 5,798,926 shares of the company’s stock, valued at $156,339,044.96. This represents a 1.75% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jennifer C. Floyd sold 3,000 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total value of $81,330.00. Following the completion of the transaction, the chief accounting officer 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 disclosure for this sale is available in the SEC filing. Company insiders own 6.39% of the company’s stock.

Home BancShares Company 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.