AQR Capital Management LLC Buys 57,460 Shares of Home BancShares, Inc. $HOMB

Key Points

• AQR Capital Management LLC increased its holdings in Home BancShares, Inc. by 21.4% in the first quarter, owning a total of 326,506 shares worth approximately $9.16 million.
• Home BancShares reported $0.58 earnings per share for the last quarter, matching analyst expectations and showing a 6.5% increase in revenue year-over-year.
• The company declared a quarterly dividend of $0.20, yielding 2.7%, while its dividend payout ratio stands at 36.53%.

AQR Capital Management LLC raised its holdings in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 21.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 326,506 shares of the financial services provider's stock after purchasing an additional 57,460 shares during the period. AQR Capital Management LLC owned approximately 0.17% of Home BancShares worth $9,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in shares of Home BancShares by 2.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider's stock valued at $237,594,000 after buying an additional 196,563 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $63,390,000 after acquiring an additional 75,463 shares in the last quarter. Nuveen LLC bought a new stake in shares of Home BancShares during the 1st quarter valued at $41,431,000. Royce & Associates LP lifted its position in shares of 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 valued at $31,769,000 after acquiring an additional 5,239 shares during the period. Finally, Boston Partners grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Cantor Fitzgerald began coverage on Home BancShares in a research note on Wednesday, September 10th. They issued a "neutral" rating and a $32.00 price target for the company. Keefe, Bruyette & Woods raised their target price on shares of Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, July 21st. Piper Sandler upped their price target 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. Finally, Wall Street Zen lowered shares of Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Home BancShares currently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

Home BancShares Trading Down 1.5%

Shares of Home BancShares stock traded down $0.45 during midday trading on Tuesday, reaching $28.93. The company had a trading volume of 830,844 shares, compared to its average volume of 855,853. The stock has a fifty day moving average price of $29.04 and a 200 day moving average price of $28.38. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $32.90. The firm has a market cap of $5.70 billion, a PE ratio of 13.21 and a beta of 0.81. 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 released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $271.03 million during the quarter, compared to analyst estimates of $262.56 million. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 EPS. On average, equities analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th were issued a $0.20 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.80 annualized dividend and a yield of 2.8%. Home BancShares's payout ratio is presently 36.53%.

Insider Buying and Selling at Home BancShares

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the completion of the sale, the chief executive officer owned 5,540,776 shares in the company, valued at approximately $166,334,095.52. The trade was a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John Stephen Tipton sold 24,159 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $27.52, for a total transaction of $664,855.68. Following the transaction, the chief executive officer owned 53,308 shares in the company, valued at approximately $1,467,036.16. The trade was a 31.19% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.30% of the company's stock.

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.