Home BancShares, Inc. $HOMB Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP reduced its stake in shares of Home BancShares, Inc. (NYSE:HOMB) by 86.8% during the second quarter, Holdings Channel.com reports. The firm owned 19,141 shares of the financial services provider’s stock after selling 126,118 shares during the period. Susquehanna International Group LLP’s holdings in Home BancShares were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of HOMB. Root Financial Partners LLC increased its stake in Home BancShares by 76.9% during the 1st quarter. Root Financial Partners LLC now owns 1,090 shares of the financial services provider’s stock valued at $29,000 after buying an additional 474 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Home BancShares by 164.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,083 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 674 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Home BancShares in the 4th quarter worth approximately $36,000. Covestor Ltd boosted its holdings in shares of Home BancShares by 110.6% in the fourth quarter. Covestor Ltd now owns 1,327 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 697 shares in the last quarter. Finally, Binnacle Investments Inc boosted its holdings 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 acquiring an additional 577 shares in the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.

Analyst Upgrades and Downgrades

HOMB has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating and issued a $32.00 target price (up from $29.00) on shares of Home BancShares in a research report on Tuesday, July 21st. Piper Sandler reiterated an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of Home BancShares in a research report on Friday, July 17th. Keefe, Bruyette & Woods boosted their price objective on Home BancShares from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Friday, July 17th. Weiss Ratings upgraded Home BancShares from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $31.00 target price (up from $30.00) on shares of Home BancShares in a research note on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.83.

Insider Activity at Home BancShares

In related news, CEO John Stephen Tipton sold 12,000 shares of the business’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 transaction of $379,080.00. Following the transaction, the chief executive officer directly owned 76,308 shares of the company’s stock, valued at approximately $2,410,569.72. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.39% of the company’s stock.

Home BancShares Trading Down 0.5%

Shares of NYSE HOMB opened at $29.48 on Tuesday. Home BancShares, Inc. has a 12 month low of $25.50 and a 12 month high of $31.70. The business has a fifty day simple moving average of $30.04 and a 200-day simple moving average of $28.22. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 12.18 and a beta of 0.69. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.

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

Home BancShares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 12th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, August 12th. This is a boost 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.