Dynamic Technology Lab Private Ltd Has $1.30 Million Holdings in Home BancShares, Inc. $HOMB

Key Points

• Dynamic Technology Lab Private Ltd increased its ownership in Home BancShares, Inc. by 97.7% in Q1, bringing its total shares to 45,845, valued at approximately $1.3 million.
• CEO John W. Allison sold 110,000 shares on August 26 for a total of $3.3 million, reducing his position by 1.95% to about 5.54 million shares.
• Analysts have set a new price target for Home BancShares at an average of $33.20, with recent ratings ranging from "market perform" to "sell."

Dynamic Technology Lab Private Ltd lifted its stake in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 97.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,845 shares of the financial services provider's stock after acquiring an additional 22,654 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Home BancShares were worth $1,296,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Home BancShares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 110,969 shares of the financial services provider's stock worth $3,137,000 after acquiring an additional 4,870 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Home BancShares by 21.4% during the 1st quarter. AQR Capital Management LLC now owns 326,506 shares of the financial services provider's stock worth $9,159,000 after acquiring an additional 57,460 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Home BancShares during the 1st quarter worth about $3,680,000. Graham Capital Management L.P. boosted its stake in shares of Home BancShares by 252.6% during the 1st quarter. Graham Capital Management L.P. now owns 58,940 shares of the financial services provider's stock worth $1,666,000 after acquiring an additional 42,225 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Home BancShares during the 1st quarter worth about $471,000. Institutional investors own 67.31% of the company's stock.

Insider Activity at Home BancShares

In other Home BancShares news, CEO John Stephen Tipton sold 24,159 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $27.52, for a total value 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 $1,467,036.16. This represents a 31.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John W. Allison sold 110,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total value of $3,302,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,540,776 shares of the company's stock, valued at approximately $166,334,095.52. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company's stock.

Home BancShares Stock Performance

Home BancShares stock traded up $0.52 during trading hours on Friday, hitting $29.91. The stock had a trading volume of 1,561,968 shares, compared to its average volume of 779,322. The company has a 50-day moving average of $29.05 and a two-hundred day moving average of $28.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market cap of $5.89 billion, a PE ratio of 13.66 and a beta of 0.81. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $32.90.

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, meeting the consensus estimate of $0.58. The firm had revenue of $271.03 million during the quarter, compared to analysts' expectations of $262.56 million. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%.The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.80 annualized dividend and a yield of 2.7%. Home BancShares's dividend payout ratio is 36.53%.

Analyst Ratings Changes

Several analysts have recently issued reports on HOMB shares. Keefe, Bruyette & Woods upped their price target on Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Wall Street Zen downgraded Home BancShares from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Cantor Fitzgerald began coverage on Home BancShares in a research note on Wednesday. They set a "neutral" rating and a $32.00 target price for the company. Finally, Piper Sandler increased their target price on Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Home BancShares presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

Home BancShares Company 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.