Advantage Alpha Capital Partners LP Trims Position in Home BancShares, Inc. $HOMB

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in Home BancShares by 60.8%, owning 8,330 shares worth $235,000 after selling 12,937 shares in the first quarter.
• Several hedge funds adjusted their holdings in Home BancShares, with T. Rowe Price increasing its position by 2.4%, now holding over 8.4 million shares valued at approximately $237.6 million.
• Home BancShares announced a quarterly dividend of $0.20 per share, set to be paid on September 3rd, representing an annualized yield of 2.7%.

Advantage Alpha Capital Partners LP decreased its holdings in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 60.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,330 shares of the financial services provider's stock after selling 12,937 shares during the period. Advantage Alpha Capital Partners LP's holdings in Home BancShares were worth $235,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Home BancShares during the 1st quarter worth approximately $39,000. Summit Securities Group LLC acquired a new position in Home BancShares during the 1st quarter worth approximately $64,000. GAMMA Investing LLC increased its position in Home BancShares by 60.8% during the 1st 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. increased its position in Home BancShares by 32.4% during the 1st 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 period. Finally, Fifth Third Bancorp increased its position 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 worth $98,000 after purchasing an additional 1,307 shares during the period. Institutional investors and hedge funds own 67.31% of the company's stock.

Insider Buying and Selling

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the 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 transaction, the chief executive officer owned 5,540,776 shares of the company's stock, valued at $166,334,095.52. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John Stephen Tipton sold 24,159 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $27.52, for a total value of $664,855.68. Following the transaction, the chief executive officer directly owned 53,308 shares in the company, valued at approximately $1,467,036.16. This represents a 31.19% decrease in their position. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HOMB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Wall Street Zen cut Home BancShares from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, Piper Sandler upped their price target on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Home BancShares Price Performance

HOMB stock traded down $0.34 on Thursday, reaching $29.72. The company had a trading volume of 210,830 shares, compared to its average volume of 1,004,864. Home BancShares, Inc. has a 1 year low of $24.22 and a 1 year high of $32.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. The company's fifty day moving average is $28.82 and its 200 day moving average is $28.42. The company has a market cap of $5.86 billion, a P/E ratio of 13.57 and a beta of 0.78.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $262.56 million. During the same quarter in the prior year, the company earned $0.52 EPS. Home BancShares's revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. Home BancShares's dividend payout ratio is presently 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.