Home BancShares, Inc. $HOMB Position Lowered by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in Home BancShares, Inc. (NYSE:HOMB) by 36.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,276 shares of the financial services provider’s stock after selling 18,902 shares during the period. Corient Private Wealth LLC’s holdings in Home BancShares were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey grew its position in shares of Home BancShares by 0.8% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 52,582 shares of the financial services provider’s stock worth $1,461,000 after acquiring an additional 410 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Home BancShares by 4.3% in the third quarter. Quadrant Capital Group LLC now owns 10,360 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 425 shares during the period. Villanova Investment Management Co LLC boosted its position in Home BancShares by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 114,093 shares of the financial services provider’s stock valued at $3,170,000 after purchasing an additional 468 shares during the period. DRW Securities LLC grew its position in shares of Home BancShares by 2.8% during the fourth quarter. DRW Securities LLC now owns 19,495 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 524 shares during the last quarter. Finally, Binnacle Investments Inc increased its stake in shares of Home BancShares by 76.7% in the second quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 577 shares during the period. 67.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HOMB. Benchmark began coverage on Home BancShares in a research report on Wednesday, June 24th. They set a “hold” rating for the company. Zacks Research downgraded Home BancShares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Stephens reduced their price target on Home BancShares from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Keefe, Bruyette & Woods decreased their price target on Home BancShares from $32.00 to $30.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Finally, Piper Sandler set a $33.00 price target on Home BancShares and gave the stock an “overweight” rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Home BancShares currently has an average rating of “Hold” and a consensus target price of $31.20.

Home BancShares Trading Down 0.7%

Home BancShares stock opened at $28.70 on Friday. Home BancShares, Inc. has a 12-month low of $25.50 and a 12-month high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $5.78 billion, a PE ratio of 11.81 and a beta of 0.68. The firm has a 50 day simple moving average of $27.15 and a 200-day simple moving average of $27.77.

Home BancShares (NYSE:HOMB) last released its earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $266.71 million during the quarter, compared to the consensus estimate of $274.06 million. Home BancShares had a return on equity of 11.11% and a net margin of 32.48%.The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. As a group, equities research analysts expect that Home BancShares, Inc. will post 2.48 EPS for the current fiscal year.

Home BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 13th. Home BancShares’s payout ratio is currently 34.57%.

Insider Buying and Selling at Home BancShares

In related news, CAO Jennifer C. Floyd sold 3,000 shares of Home BancShares stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $27.11, for a total transaction of $81,330.00. Following the transaction, the chief accounting officer directly owned 4,635 shares of the company’s stock, valued at $125,654.85. The trade was a 39.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Allison purchased 100,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was acquired at an average cost of $26.96 per share, with a total value of $2,696,000.00. Following the completion of the acquisition, the chief executive officer directly owned 5,798,926 shares in the company, valued at $156,339,044.96. The trade was a 1.75% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 6.39% of the company’s stock.

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.