Dimensional Fund Advisors LP Has $178.91 Million Position 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 cut its position in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,328,700 shares of the financial services provider's stock after selling 463,137 shares during the quarter. Dimensional Fund Advisors LP owned about 3.20% of Home BancShares worth $178,906,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State of Michigan Retirement System boosted its stake in Home BancShares by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider's stock valued at $1,250,000 after purchasing an additional 400 shares during the period. Xponance Inc. boosted its stake in Home BancShares by 1.8% in the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider's stock valued at $757,000 after purchasing an additional 476 shares during the period. Louisiana State Employees Retirement System boosted its stake in Home BancShares by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider's stock valued at $1,464,000 after purchasing an additional 500 shares during the period. State of Alaska Department of Revenue boosted its stake in Home BancShares by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock valued at $612,000 after purchasing an additional 575 shares during the period. Finally, Kwmg LLC boosted its stake in Home BancShares by 0.3% in the 1st quarter. Kwmg LLC now owns 242,066 shares of the financial services provider's stock valued at $6,843,000 after purchasing an additional 627 shares during the period. 67.31% of the stock is currently owned by institutional investors.

Insider Activity at Home BancShares

In other news, CEO John Stephen Tipton sold 24,159 shares of the business'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 completion of the transaction, the chief executive officer owned 53,308 shares of the company's stock, valued at approximately $1,467,036.16. The trade was a 31.19% decrease in their position. The transaction was disclosed in a 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 Home BancShares stock traded up $1.3820 during trading on Friday, reaching $29.9820. 1,321,575 shares of the company's stock were exchanged, compared to its average volume of 805,472. 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, Inc. has a 1-year low of $24.22 and a 1-year high of $32.90. The company has a market cap of $5.91 billion, a P/E ratio of 13.69 and a beta of 0.78. The firm's 50-day moving average price is $28.68 and its 200 day moving average price is $28.43.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, hitting 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 analysts' expectations of $262.56 million. During the same quarter in the previous year, the firm earned $0.52 EPS. Home BancShares's revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders 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 dividend yield of 2.7%. Home BancShares's payout ratio is 36.53%.

Analysts Set New Price Targets

Several brokerages have weighed in on HOMB. Wall Street Zen cut Home BancShares from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Piper Sandler lifted their price objective on Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a report on Monday, July 21st. 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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.