Home BancShares, Inc. $HOMB Stake Increased by Boston Partners

Key Points

• Boston Partners increased its stake in Home BancShares by 1.4%, holding 990,030 shares worth $27.83 million after buying an additional 13,813 shares during Q1.
• CEO John Stephen Tipton sold 24,159 shares for approximately $664,855, decreasing his ownership by 31.19%.
• Home BancShares reported a quarterly EPS of $0.58, meeting the consensus estimate, with a revenue of $271.03 million, surpassing analyst predictions of $262.56 million.

Boston Partners increased its holdings in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 990,030 shares of the financial services provider's stock after buying an additional 13,813 shares during the quarter. Boston Partners owned about 0.50% of Home BancShares worth $27,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Home BancShares by 60.8% in the 1st 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. lifted its position in Home BancShares by 32.4% in the first quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock worth $75,000 after purchasing an additional 647 shares during the period. Fifth Third Bancorp lifted its position in Home BancShares by 60.5% in the first quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock worth $98,000 after purchasing an additional 1,307 shares during the period. Hohimer Wealth Management LLC acquired a new stake in Home BancShares in the first quarter worth approximately $203,000. Finally, 1492 Capital Management LLC acquired a new stake in Home BancShares in the fourth quarter worth approximately $205,000. 67.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HOMB has been the subject of a number of research analyst reports. Piper Sandler upped their target price on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods upped their target price on Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Finally, Wall Street Zen downgraded Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Home BancShares presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Insider Activity at Home BancShares

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

Home BancShares Price Performance

Shares of NYSE:HOMB traded up $0.0950 on Wednesday, reaching $28.7650. 750,666 shares of the company traded hands, compared to its average volume of 862,896. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $32.90. The company's 50 day moving average is $28.62 and its 200-day moving average is $28.46. The stock has a market capitalization of $5.67 billion, a PE ratio of 13.13 and a beta of 0.78. 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 announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.The company had revenue of $271.03 million during the quarter, compared to the consensus estimate of $262.56 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders 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 2.8%. The ex-dividend date is Wednesday, August 13th. Home BancShares's dividend payout ratio is 36.53%.

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.