Home BancShares, Inc. $HOMB Shares Sold by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC cut its position in Home BancShares, Inc. (NYSE:HOMB) by 22.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 155,904 shares of the financial services provider’s stock after selling 43,933 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Home BancShares were worth $4,451,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Hsbc Holdings PLC increased its position in shares of Home BancShares by 12.9% in the 2nd quarter. Hsbc Holdings PLC now owns 161,378 shares of the financial services provider’s stock worth $4,628,000 after purchasing an additional 18,409 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Home BancShares by 23.9% during the second quarter. Wellington Management Group LLP now owns 977,284 shares of the financial services provider’s stock worth $27,901,000 after purchasing an additional 188,710 shares during the period. United Capital Financial Advisors LLC bought a new position in shares of Home BancShares in the 2nd quarter worth about $242,000. Formula Growth Ltd. bought a new position in shares of Home BancShares in the 2nd quarter worth about $1,482,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Home BancShares in the 2nd quarter valued at about $74,000. Institutional investors and hedge funds own 67.31% of the company’s stock.

Insider Activity at Home BancShares

In other news, CEO John Stephen Tipton sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $31.59, for a total value of $379,080.00. Following the completion of the sale, the chief executive officer directly owned 76,308 shares of the company’s stock, valued at approximately $2,410,569.72. This represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HOMB. Keefe, Bruyette & Woods boosted their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. Benchmark initiated coverage on shares of Home BancShares in a report on Wednesday, June 24th. They issued a “hold” rating on the stock. Wall Street Zen upgraded Home BancShares from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Piper Sandler reaffirmed an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of Home BancShares in a report on Friday, July 17th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $31.00 price target (up from $30.00) on shares of Home BancShares in a research report on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.83.

Home BancShares Trading Down 0.5%

Home BancShares stock opened at $29.48 on Tuesday. Home BancShares, Inc. has a 52-week low of $25.50 and a 52-week high of $31.70. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 12.18 and a beta of 0.69. The firm has a 50-day moving average price of $30.04 and a two-hundred day moving average price of $28.22.

Home BancShares (NYSE:HOMB) last released its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Home BancShares had a return on equity of 11.12% and a net margin of 32.10%.The company had revenue of $295.10 million for the quarter, compared to analysts’ expectations of $288.70 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Sell-side analysts expect that Home BancShares, Inc. will post 2.51 earnings per share for the current year.

Home BancShares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, August 12th. This is a positive change from Home BancShares’s previous quarterly dividend of $0.21. Home BancShares’s dividend payout ratio is 38.02%.

About Home BancShares

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.