Aptus Capital Advisors LLC Purchases 34,013 Shares of Home BancShares, Inc. $HOMB

Key Points

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Aptus Capital Advisors LLC grew its holdings in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 12.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 299,406 shares of the financial services provider's stock after purchasing an additional 34,013 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.15% of Home BancShares worth $8,464,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HOMB. Nuveen LLC acquired a new stake in shares of Home BancShares in the 1st quarter valued at approximately $41,431,000. Point72 Asset Management L.P. raised its holdings in Home BancShares by 1,545.1% during the 4th quarter. Point72 Asset Management L.P. now owns 393,171 shares of the financial services provider's stock worth $11,127,000 after buying an additional 369,271 shares during the period. Raymond James Financial Inc. acquired a new stake in Home BancShares during the 4th quarter worth approximately $5,656,000. Dimensional Fund Advisors LP raised its holdings in Home BancShares by 1.9% during 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 period. Finally, Invesco Ltd. raised its holdings in Home BancShares by 36.2% during the 4th quarter. Invesco Ltd. now owns 426,359 shares of the financial services provider's stock worth $12,066,000 after buying an additional 113,371 shares during the period. Institutional investors own 67.31% of the company's stock.

Insider Buying and Selling at Home BancShares

In related news, CEO John Stephen Tipton sold 24,159 shares of the firm'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 of the company's stock, valued at approximately $1,467,036.16. This trade represents a 31.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company's stock.

Home BancShares Stock Up 4.8%

Shares of HOMB traded up $1.3820 during mid-day trading on Friday, hitting $29.9820. 1,321,575 shares of the company's stock were exchanged, compared to its average volume of 823,282. The company has a market cap of $5.91 billion, a PE ratio of 13.69 and a beta of 0.78. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $32.90. The company has a 50-day simple moving average of $28.68 and a 200 day simple moving average of $28.41. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90.

Home BancShares (NYSE:HOMB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company had revenue of $271.03 million during the quarter, compared to analysts' expectations of $262.56 million. During the same period last year, the business earned $0.52 EPS. The business's quarterly 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 fiscal year.

Home BancShares Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on HOMB shares. Piper Sandler raised their target price on shares of Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods raised 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. Finally, Wall Street Zen cut shares of Home BancShares from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.