TMB Capital Partners LLC Invests $1.85 Million in Home BancShares, Inc. $HOMB

TMB Capital Partners LLC bought a new stake in Home BancShares, Inc. (NYSE:HOMB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,575 shares of the financial services provider’s stock, valued at approximately $1,849,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOMB. CIBC Private Wealth Group LLC boosted its stake in Home BancShares by 164.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock worth $30,000 after buying an additional 674 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Home BancShares in the 4th quarter valued at $36,000. Covestor Ltd lifted its holdings in shares of Home BancShares by 110.6% during the 4th quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 697 shares during the period. Binnacle Investments Inc lifted its holdings in shares of Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 577 shares during the period. Finally, Torren Management LLC bought a new position in shares of Home BancShares during the 4th quarter worth about $49,000. 67.31% of the stock is owned by institutional investors.

Home BancShares Price Performance

Shares of Home BancShares stock opened at $27.68 on Friday. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 11.39 and a beta of 0.68. The firm’s 50-day moving average price is $26.97 and its two-hundred day moving average price is $27.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. Home BancShares, Inc. has a 1-year low of $25.50 and a 1-year high of $30.83.

Home BancShares (NYSE:HOMB) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $266.71 million during the quarter, compared to analysts’ expectations of $274.06 million. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. Home BancShares’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, equities analysts predict that Home BancShares, Inc. will post 2.48 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Wednesday, May 13th. Home BancShares’s dividend payout ratio (DPR) is currently 34.57%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HOMB shares. Keefe, Bruyette & Woods lowered their target price on shares of Home BancShares from $32.00 to $30.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. Stephens cut their price target on shares of Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Zacks Research downgraded Home BancShares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Piper Sandler set a $33.00 price objective on Home BancShares and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $30.00 target price (down from $31.00) on shares of Home BancShares in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.20.

Insider Buying and Selling at Home BancShares

In other Home BancShares news, CEO John W. Allison bought 100,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were bought at an average price of $26.96 per share, for a total transaction of $2,696,000.00. Following the completion of the acquisition, the chief executive officer owned 5,798,926 shares of the company’s stock, valued at approximately $156,339,044.96. This trade represents a 1.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jennifer C. Floyd sold 3,000 shares of the firm’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total value of $81,330.00. Following the completion of the sale, the chief accounting officer owned 4,635 shares of the company’s stock, valued at approximately $125,654.85. This trade represents a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 6.39% of the company’s stock.

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.