Copeland Capital Management LLC Decreases Stake in Home BancShares, Inc. $HOMB

Key Points

• Copeland Capital Management trimmed its stake in Home BancShares by 5.2% in Q4, selling 143,590 shares to hold 2,622,015 shares (about 1.33% of the company) valued at $72.84 million, making HOMB its 10th-largest position.
• Home BancShares reported Q1 EPS of $0.60 (in line with estimates) with revenue of $266.7M slightly below expectations; the firm has a 32.48% net margin and analysts forecast about 2.48 EPS for the year.
• The company declared a quarterly dividend of $0.21 (annualized $0.84) for a ~3.1% yield, while analyst sentiment is mixed—three Buys and three Holds with a consensus target of $31.40 after several price-target cuts.

Copeland Capital Management LLC lessened its position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,622,015 shares of the financial services provider's stock after selling 143,590 shares during the period. Home BancShares makes up about 1.6% of Copeland Capital Management LLC's holdings, making the stock its 10th biggest position. Copeland Capital Management LLC owned 1.33% of Home BancShares worth $72,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Binnacle Investments Inc increased its holdings in Home BancShares by 76.7% during the 2nd quarter. Binnacle Investments Inc now owns 1,329 shares of the financial services provider's stock worth $38,000 after acquiring an additional 577 shares during the period. First Horizon Corp bought a new stake in Home BancShares during the 3rd quarter worth approximately $43,000. Danske Bank A S bought a new stake in Home BancShares during the 3rd quarter worth approximately $57,000. Reyes Financial Architecture Inc. bought a new stake in Home BancShares during the 4th quarter worth approximately $62,000. Finally, Rothschild Investment LLC increased its holdings in Home BancShares by 505.9% during the 3rd quarter. Rothschild Investment LLC now owns 2,272 shares of the financial services provider's stock worth $64,000 after acquiring an additional 1,897 shares during the period. Institutional investors own 67.31% of the company's stock.

Home BancShares Price Performance

Shares of NYSE:HOMB opened at $26.81 on Friday. The company's fifty day moving average price is $27.44 and its 200-day moving average price is $27.89. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 11.03 and a beta of 0.75. Home BancShares, Inc. has a one year low of $25.67 and a one year high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.91.

Home BancShares (NYSE:HOMB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.60 EPS for the quarter, hitting analysts' consensus estimates of $0.60. The firm had revenue of $266.71 million for the quarter, compared to analyst estimates of $274.06 million. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, equities research analysts anticipate that Home BancShares, Inc. will post 2.48 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Home BancShares's dividend payout ratio is presently 34.57%.

Insider Activity at Home BancShares

In related news, CAO Jennifer C. Floyd sold 3,000 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $27.11, for a total transaction of $81,330.00. Following the transaction, the chief accounting officer owned 4,635 shares of the company's stock, valued at approximately $125,654.85. This trade represents a 39.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Allison II sold 5,000 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the transaction, the director directly owned 651,995 shares in the company, valued at approximately $18,379,739.05. This represents a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 13,563 shares of company stock worth $380,158 over the last quarter. 6.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Home BancShares from a "hold" rating to a "sell" rating in a report on Saturday, April 18th. Royal Bank Of Canada set a $31.00 target price on shares of Home BancShares in a report on Monday, January 12th. Stephens decreased their target price on shares of Home BancShares from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. Cantor Fitzgerald decreased their target price on shares of Home BancShares from $32.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Home BancShares from $32.00 to $30.00 and set a "market perform" rating on the stock in a report on Monday. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Home BancShares has an average rating of "Moderate Buy" and a consensus target price of $31.40.

Home BancShares Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company's core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

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