Russell Investments Group Ltd. Purchases 20,483 Shares of Home BancShares, Inc. $HOMB

Russell Investments Group Ltd. increased its position in shares of Home BancShares, Inc. (NYSE:HOMB) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 527,716 shares of the financial services provider’s stock after acquiring an additional 20,483 shares during the quarter. Russell Investments Group Ltd.’s holdings in Home BancShares were worth $15,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HOMB. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Home BancShares in the first quarter valued at approximately $39,000. Summit Securities Group LLC purchased a new stake in shares of Home BancShares during the 1st quarter valued at $64,000. Hantz Financial Services Inc. lifted its holdings in shares of Home BancShares by 4,480.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,794 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 2,733 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Home BancShares by 25.6% in the 2nd quarter. UMB Bank n.a. now owns 3,323 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 677 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Home BancShares by 155.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,817 shares of the financial services provider’s stock worth $108,000 after buying an additional 2,325 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company’s stock.

Home BancShares Stock Performance

NYSE HOMB opened at $28.29 on Tuesday. The stock has a 50-day simple moving average of $27.55 and a two-hundred day simple moving average of $28.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $5.56 billion, a P/E ratio of 12.19 and a beta of 0.81. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $31.92.

Home BancShares (NYSE:HOMB) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $277.67 million for the quarter, compared to analyst estimates of $269.96 million. Home BancShares had a return on equity of 10.94% and a net margin of 31.20%.The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 EPS. On average, equities analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have weighed in on HOMB shares. Wall Street Zen downgraded Home BancShares from a “hold” rating to a “sell” rating in a report on Sunday, November 2nd. 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 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Home BancShares in a research note on Wednesday, October 8th. Finally, Piper Sandler set a $34.00 price target on shares of Home BancShares and gave the stock an “overweight” rating in a report on Friday, October 17th. Four investment 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 price target of $32.83.

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.