Dimensional Fund Advisors LP Reduces Holdings in Home BancShares, Inc. $HOMB

Key Points

• Dimensional Fund Advisors LP reduced its holdings in Home BancShares by 6.8%, now owning approximately 3.20% of the company valued at $178.9 million.
• Home BancShares has announced a quarterly dividend of $0.20 per share, resulting in a 2.8% yield and a dividend payout ratio of 36.53%.
• Recent analyst reports give Home BancShares a consensus rating of "Moderate Buy" with a price target averaging $33.20.

Dimensional Fund Advisors LP decreased its position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,328,700 shares of the financial services provider's stock after selling 463,137 shares during the period. Dimensional Fund Advisors LP owned about 3.20% of Home BancShares worth $178,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners increased its stake in Home BancShares by 1.4% during the first 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 during the period. Russell Investments Group Ltd. boosted its stake in shares of Home BancShares by 21.4% in the first quarter. Russell Investments Group Ltd. now owns 507,233 shares of the financial services provider's stock valued at $14,340,000 after purchasing an additional 89,332 shares during the period. Ballast Inc. acquired a new position in shares of Home BancShares in the first quarter valued at approximately $272,000. Nuveen LLC purchased a new stake in Home BancShares during the 1st quarter worth approximately $41,431,000. Finally, Ontario Teachers Pension Plan Board increased its stake in Home BancShares by 265.9% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 26,759 shares of the financial services provider's stock worth $756,000 after buying an additional 19,446 shares during the period. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Home BancShares

In other news, CEO John Stephen Tipton sold 24,159 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were 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. The trade was a 31.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.30% of the company's stock.

Home BancShares Stock Down 0.7%

NYSE HOMB traded down $0.2050 during trading on Monday, reaching $29.7450. 586,817 shares of the company's stock were exchanged, compared to its average volume of 823,282. The company has a 50 day moving average price of $28.72 and a two-hundred day moving average price of $28.40. The stock has a market cap of $5.86 billion, a P/E ratio of 13.58 and a beta of 0.78. Home BancShares, Inc. has a 1 year low of $24.22 and a 1 year high of $32.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90.

Home BancShares (NYSE:HOMB - Get Free Report) last issued its 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. The business had revenue of $271.03 million for the quarter, compared to analyst estimates of $262.56 million. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. On average, equities research analysts anticipate that Home BancShares, Inc. will post 2.19 EPS 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. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.7%. Home BancShares's dividend payout ratio (DPR) is presently 36.53%.

Analyst Ratings Changes

Several brokerages have commented on HOMB. Keefe, Bruyette & Woods raised their price target on shares of Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a research report on Monday, July 21st. Piper Sandler lifted their target price on Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Wall Street Zen cut 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.