111 Capital Invests $278,000 in Home BancShares, Inc. $HOMB

Key Points

• 111 Capital recently invested $278,000 in Home BancShares, acquiring 9,763 shares during the second quarter of the year.
• Home BancShares has a consensus rating of "Moderate Buy" among equity analysts, with a consensus target price of $33.00 following various upgrades and ratings adjustments.
• The company announced a quarterly dividend of $0.20 per share, offering an annualized yield of 2.8% and demonstrating a dividend payout ratio of 36.53%.

111 Capital bought a new stake in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,763 shares of the financial services provider's stock, valued at approximately $278,000.

Several other hedge funds have also added to or reduced their stakes in HOMB. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Home BancShares during the 1st quarter valued at $39,000. Summit Securities Group LLC purchased a new stake in shares of Home BancShares during the first quarter worth about $64,000. GAMMA Investing LLC boosted its holdings in shares of Home BancShares by 60.8% during the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock worth $74,000 after purchasing an additional 995 shares during the period. UMB Bank n.a. grew its stake in shares of Home BancShares by 32.4% in the first quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock worth $75,000 after purchasing an additional 647 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Home BancShares by 60.5% during the 1st quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 1,307 shares during the period. 67.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions 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 transaction of $3,302,200.00. Following the completion of the transaction, the chief executive officer owned 5,540,776 shares in the company, valued at approximately $166,334,095.52. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.30% of the company's stock.

Home BancShares Stock Up 0.4%

NYSE:HOMB opened at $28.20 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90. The firm's 50-day moving average price is $28.86 and its 200-day moving average price is $28.39. The company has a market capitalization of $5.56 billion, a PE ratio of 12.88 and a beta of 0.78. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $32.90.

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

Home BancShares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Home BancShares's dividend payout ratio (DPR) is 36.53%.

Home BancShares 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.

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