Home BancShares, Inc. $HOMB Stock Position Reduced by Greenwood Gearhart Inc.

Greenwood Gearhart Inc. cut its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 0.2% during the second quarter, HoldingsChannel.com reports. The firm owned 213,534 shares of the financial services provider’s stock after selling 411 shares during the period. Greenwood Gearhart Inc.’s holdings in Home BancShares were worth $6,077,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HOMB. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Home BancShares in the first quarter worth approximately $39,000. Summit Securities Group LLC bought a new stake in Home BancShares in the first quarter worth approximately $64,000. GAMMA Investing LLC grew its position in Home BancShares by 60.8% in the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 995 shares in the last quarter. UMB Bank n.a. grew its position in Home BancShares by 32.4% in the first quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 647 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in Home BancShares by 60.5% in the first quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,307 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on HOMB shares. Piper Sandler boosted their target price on shares of Home BancShares from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Home BancShares in a research report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Cantor Fitzgerald began coverage on shares of Home BancShares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a research note on Saturday, October 4th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Insider Buying and Selling

In related news, CEO John W. Allison sold 110,000 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction 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. This represents a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.30% of the stock is currently owned by insiders.

Home BancShares Price Performance

Shares of Home BancShares stock opened at $26.66 on Friday. The firm has a fifty day simple moving average of $28.81 and a 200-day simple moving average of $28.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $32.90. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 12.17 and a beta of 0.78.

Home BancShares (NYSE:HOMB) last released its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $271.03 million during the quarter, compared to analysts’ expectations of $262.56 million. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. On average, sell-side analysts expect that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, August 13th. Home BancShares’s dividend payout ratio is presently 36.53%.

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.