Aptus Capital Advisors LLC Raises Stock Position in Home BancShares, Inc. $HOMB

Key Points

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Aptus Capital Advisors LLC raised its holdings in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 12.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 299,406 shares of the financial services provider's stock after purchasing an additional 34,013 shares during the period. Aptus Capital Advisors LLC owned 0.15% of Home BancShares worth $8,464,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of Home BancShares by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,791,837 shares of the financial services provider's stock worth $192,211,000 after buying an additional 124,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Home BancShares by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider's stock worth $63,390,000 after buying an additional 75,463 shares during the last quarter. Nuveen LLC purchased a new position in shares of Home BancShares in the 1st quarter worth approximately $41,431,000. Royce & Associates LP grew its position in Home BancShares by 0.5% during the 1st quarter. Royce & Associates LP now owns 1,123,775 shares of the financial services provider's stock worth $31,769,000 after purchasing an additional 5,239 shares during the last quarter. Finally, Boston Partners grew its position in Home BancShares by 1.4% during the 1st quarter. Boston Partners now owns 990,030 shares of the financial services provider's stock worth $27,830,000 after purchasing an additional 13,813 shares during the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Home BancShares Stock Performance

NYSE HOMB traded up $1.3820 on Friday, hitting $29.9820. 1,321,575 shares of the company's stock traded hands, compared to its average volume of 805,472. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $32.90. The firm's 50-day moving average price is $28.68 and its two-hundred day moving average price is $28.44. The firm has a market capitalization of $5.91 billion, a PE ratio of 13.69 and a beta of 0.78.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The business had revenue of $271.03 million during the quarter, compared to analysts' expectations of $262.56 million. During the same period in the previous year, the business posted $0.52 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Announces Dividend

The company 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. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Home BancShares's payout ratio is currently 36.53%.

Insider Activity

In related news, CEO John Stephen Tipton sold 24,159 shares of the business's stock in a transaction 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 transaction, the chief executive officer directly owned 53,308 shares in the company, valued at $1,467,036.16. The trade was a 31.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on HOMB. Keefe, Bruyette & Woods boosted their target price on shares of 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 downgraded shares of Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Finally, Piper Sandler boosted their target price on shares of Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

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.