Godsey & Gibb Inc. Decreases Holdings in Home BancShares, Inc. $HOMB

Godsey & Gibb Inc. lessened its stake in Home BancShares, Inc. (NYSE:HOMB) by 47.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,045 shares of the financial services provider’s stock after selling 950 shares during the quarter. Godsey & Gibb Inc.’s holdings in Home BancShares were worth $30,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Home BancShares in the 1st quarter valued at approximately $41,431,000. T. Rowe Price Investment Management Inc. grew its stake in Home BancShares by 2.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider’s stock valued at $237,594,000 after buying an additional 196,563 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in Home BancShares in the 2nd quarter worth $3,783,000. Dark Forest Capital Management LP acquired a new stake in Home BancShares in the 1st quarter worth $3,680,000. Finally, Jane Street Group LLC lifted its holdings in shares of Home BancShares by 82.7% during the 1st quarter. Jane Street Group LLC now owns 276,814 shares of the financial services provider’s stock worth $7,826,000 after acquiring an additional 125,301 shares during the period. Institutional investors and hedge funds own 67.31% of the company’s stock.

Home BancShares Stock Up 0.4%

NYSE HOMB opened at $28.20 on Tuesday. The stock’s 50-day moving average price is $28.86 and its 200-day moving average price is $28.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $32.90. The company has a market capitalization of $5.56 billion, a P/E ratio of 12.88 and a beta of 0.78.

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

Home BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.8%. Home BancShares’s dividend payout ratio is presently 36.53%.

Insider Activity at Home BancShares

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of Home BancShares stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total value of $3,302,200.00. Following the sale, the chief executive officer owned 5,540,776 shares in the company, valued at $166,334,095.52. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Home BancShares from a “sell” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods increased their target price on shares of Home BancShares from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Piper Sandler lifted their price objective on shares of Home BancShares from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Cantor Fitzgerald initiated coverage on Home BancShares in a research note on Wednesday, September 10th. They issued a “neutral” rating and a $32.00 price objective on the stock. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Home BancShares in a report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Home BancShares presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Home BancShares Company 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.