Home BancShares, Inc. $HOMB Shares Purchased by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Home BancShares, Inc. (NYSE:HOMB) by 2.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 629,473 shares of the financial services provider’s stock after purchasing an additional 12,552 shares during the quarter. Rhumbline Advisers’ holdings in Home BancShares were worth $17,915,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its stake in Home BancShares by 2.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider’s stock worth $237,594,000 after buying an additional 196,563 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Home BancShares by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,572,656 shares of the financial services provider’s stock valued at $130,151,000 after acquiring an additional 26,511 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Home BancShares by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider’s stock worth $63,390,000 after purchasing an additional 75,463 shares during the period. Bank of New York Mellon Corp increased its holdings in Home BancShares by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,769,612 shares of the financial services provider’s stock valued at $50,363,000 after purchasing an additional 25,578 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Home BancShares in the 1st quarter valued at $41,431,000. 67.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Home BancShares Trading Down 0.4%

Shares of HOMB opened at $28.06 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 one year low of $24.22 and a one year high of $32.09. The stock has a 50-day moving average price of $27.57 and a 200 day moving average price of $28.39. The company has a market capitalization of $5.51 billion, a P/E ratio of 12.09 and a beta of 0.81.

Home BancShares (NYSE:HOMB) last announced its earnings results on Wednesday, October 15th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The company had revenue of $277.67 million for the quarter, compared to analyst estimates of $269.96 million. During the same period in the prior year, the company posted $0.50 EPS. Home BancShares’s quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.21 per share. This is a positive change from Home BancShares’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, November 12th. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. Home BancShares’s payout ratio is currently 36.21%.

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.