American Century Companies Inc. Has $120.13 Million Stock Position in Home BancShares, Inc. $HOMB

Key Points

• American Century Companies Inc. reduced its holdings in Home BancShares by 1.3%, owning approximately 2.15% of the company after selling 54,532 shares.
• Several institutional investors have adjusted their positions, with Ontario Teachers Pension Plan Board increasing its stake by 265.9% during the first quarter.
• Home BancShares recently announced a quarterly dividend of $0.20, with a current dividend yield of 2.8%.

American Century Companies Inc. trimmed its stake in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,249,367 shares of the financial services provider's stock after selling 54,532 shares during the period. American Century Companies Inc. owned about 2.15% of Home BancShares worth $120,130,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew 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 buying an additional 995 shares in the last quarter. UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 647 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Home BancShares by 60.5% in the first 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 last quarter. Hohimer Wealth Management LLC bought a new stake in shares of Home BancShares in the first quarter worth $203,000. Finally, Forum Financial Management LP acquired a new position in Home BancShares during the fourth quarter worth $208,000. 67.31% of the stock is currently owned by institutional investors.

Home BancShares Stock Performance

Shares of NYSE HOMB traded up $1.1590 during mid-day trading on Friday, reaching $29.7590. 493,931 shares of the company were exchanged, compared to its average volume of 1,007,818. The stock has a market capitalization of $5.86 billion, a P/E ratio of 13.59 and a beta of 0.78. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $28.63 and its 200-day simple moving average is $28.45. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $32.90.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. The company had revenue of $271.03 million for the quarter, compared to analyst estimates of $262.56 million. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. As a group, research analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Home BancShares's dividend payout ratio is presently 36.53%.

Insider Activity at Home BancShares

In other news, CEO John Stephen Tipton sold 24,159 shares of Home BancShares 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 completion of the sale, the chief executive officer directly owned 53,308 shares in the company, valued at approximately $1,467,036.16. The trade was a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HOMB. Keefe, Bruyette & Woods lifted their price target on shares of Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Wall Street Zen downgraded Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Piper Sandler upped their target price 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 given a Hold rating to the company's stock. Based on data from MarketBeat, Home BancShares currently has a consensus rating of "Moderate Buy" and an average price target of $33.20.

About Home BancShares

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.