Copeland Capital Management LLC Has $89.76 Million Holdings in Home BancShares, Inc. (NYSE:HOMB)

Copeland Capital Management LLC reduced its stake in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,174,986 shares of the financial services provider's stock after selling 84,948 shares during the quarter. Home BancShares accounts for approximately 1.8% of Copeland Capital Management LLC's holdings, making the stock its 8th largest holding. Copeland Capital Management LLC owned about 1.60% of Home BancShares worth $89,757,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HOMB. Y Intercept Hong Kong Ltd lifted its position in Home BancShares by 193.6% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 21,755 shares of the financial services provider's stock worth $616,000 after acquiring an additional 14,346 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Home BancShares during the 4th quarter worth approximately $722,000. Parkside Financial Bank & Trust purchased a new stake in Home BancShares during the 4th quarter worth approximately $53,000. Fisher Asset Management LLC increased its holdings in Home BancShares by 18.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,090,463 shares of the financial services provider's stock worth $59,160,000 after purchasing an additional 324,664 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Home BancShares by 91.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,489 shares of the financial services provider's stock worth $99,000 after purchasing an additional 1,666 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

Home BancShares Price Performance

Shares of Home BancShares stock traded up $0.04 during trading on Monday, hitting $28.60. The stock had a trading volume of 220,728 shares, compared to its average volume of 1,000,195. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $5.65 billion, a P/E ratio of 13.62 and a beta of 0.80. The business has a fifty day moving average of $28.25 and a two-hundred day moving average of $28.50. Home BancShares, Inc. has a fifty-two week low of $23.23 and a fifty-two week high of $32.91.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $260.08 million during the quarter, compared to analyst estimates of $255.20 million. Home BancShares had a return on equity of 10.49% and a net margin of 28.44%. On average, sell-side analysts expect that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from Home BancShares's previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%. Home BancShares's payout ratio is 38.10%.

Insider Transactions at Home BancShares

In related news, insider Kevin Hester sold 7,128 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the transaction, the insider now directly owns 124,912 shares of the company's stock, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total value of $68,625.00. Following the transaction, the chief accounting officer now directly owns 4,301 shares in the company, valued at $118,062.45. The trade was a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,787 shares of company stock valued at $937,840 over the last three months. Company insiders own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

HOMB has been the topic of several analyst reports. Royal Bank Of Canada dropped their price objective on Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a report on Monday, April 21st. Stephens reiterated an "overweight" rating and issued a $33.00 price target on shares of Home BancShares in a report on Monday, April 21st. Finally, Wall Street Zen upgraded Home BancShares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.40.

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.