Amarillo National Bank cut its stake in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 17.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,558 shares of the financial services provider's stock after selling 18,062 shares during the period. Home BancShares comprises about 0.5% of Amarillo National Bank's investment portfolio, making the stock its 28th biggest position. Amarillo National Bank's holdings in Home BancShares were worth $2,419,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in shares of Home BancShares in the fourth quarter valued at about $722,000. Charles Schwab Investment Management Inc. lifted its position in shares of Home BancShares by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,166,844 shares of the financial services provider's stock valued at $61,322,000 after acquiring an additional 120,691 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Home BancShares by 18.4% in the fourth quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock valued at $59,160,000 after acquiring an additional 324,664 shares in the last quarter. Vest Financial LLC purchased a new position in shares of Home BancShares in the first quarter valued at about $1,691,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Home BancShares in the fourth quarter valued at about $619,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on HOMB shares. Stephens restated an "overweight" rating and issued a $33.00 price objective on shares of Home BancShares in a research report on Monday, April 21st. Wall Street Zen upgraded Home BancShares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada decreased their target price on Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.40.
View Our Latest Stock Analysis on HOMB
Insiders Place Their Bets
In other news, CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total transaction of $68,625.00. Following the transaction, the chief accounting officer now owns 4,301 shares of the company's stock, valued at approximately $118,062.45. This represents a 36.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John Stephen Tipton sold 24,159 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $27.52, for a total value of $664,855.68. Following the transaction, the chief executive officer now directly owns 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. Insiders have sold 33,787 shares of company stock valued at $937,840 over the last ninety days. 6.30% of the stock is owned by insiders.
Home BancShares Price Performance
Shares of NYSE:HOMB traded up $0.48 during mid-day trading on Thursday, reaching $28.66. The stock had a trading volume of 1,033,202 shares, compared to its average volume of 1,005,447. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.66 billion, a P/E ratio of 13.65 and a beta of 0.80. Home BancShares, Inc. has a 1 year low of $23.23 and a 1 year high of $32.91. The business's 50 day moving average price is $28.21 and its 200 day moving average price is $28.54.
Home BancShares (NYSE:HOMB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. The company had revenue of $260.08 million for the quarter, compared to analysts' expectations of $255.20 million. Research analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.
Home BancShares Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 14th were paid a dividend of $0.20 per share. This is a boost from Home BancShares's previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 2.79%. The ex-dividend date was Wednesday, May 14th. Home BancShares's payout ratio is presently 38.10%.
Home BancShares Company Profile
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Free Report)
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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