UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 46,559 Shares of Home BancShares, Inc. $HOMB

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 14.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 281,239 shares of the financial services provider’s stock after selling 46,559 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Home BancShares were worth $8,029,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Millennium Capital Advisors LLC acquired a new position in Home BancShares in the 4th quarter valued at $1,450,000. Bank of America Corp DE boosted its holdings in Home BancShares by 14.5% during the first quarter. Bank of America Corp DE now owns 886,006 shares of the financial services provider’s stock valued at $23,860,000 after acquiring an additional 111,888 shares during the period. Norges Bank acquired a new stake in shares of Home BancShares in the fourth quarter valued at about $66,673,000. Hsbc Holdings PLC acquired a new stake in shares of Home BancShares in the second quarter valued at about $4,628,000. Finally, Capital Research Global Investors increased its stake in shares of Home BancShares by 4.5% in the fourth quarter. Capital Research Global Investors now owns 5,588,267 shares of the financial services provider’s stock worth $155,242,000 after purchasing an additional 238,548 shares during the period. Institutional investors own 67.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HOMB. Wall Street Zen raised Home BancShares from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings raised Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Stephens upped their price target on Home BancShares from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Piper Sandler reissued an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of Home BancShares in a research report on Friday, July 17th. Finally, Benchmark initiated coverage on shares of Home BancShares in a research note on Wednesday, June 24th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Home BancShares presently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Insider Activity at Home BancShares

In other news, CEO John Tipton sold 12,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 76,308 shares in the company, valued at approximately $2,410,569.72. The trade was a 13.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.39% of the company’s stock.

Home BancShares Stock Up 0.0%

NYSE HOMB opened at $30.16 on Tuesday. Home BancShares, Inc. has a 1-year low of $25.50 and a 1-year high of $31.70. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 12.46 and a beta of 0.67. The stock’s 50 day moving average is $30.15 and its two-hundred day moving average is $28.23. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16.

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

Home BancShares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This is a boost from Home BancShares’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. Home BancShares’s dividend payout ratio (DPR) is 38.02%.

Home BancShares 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.