Edgestream Partners L.P. Acquires 37,405 Shares of Home BancShares, Inc. (NYSE:HOMB)

Edgestream Partners L.P. boosted its position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 134.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,328 shares of the financial services provider's stock after acquiring an additional 37,405 shares during the period. Edgestream Partners L.P.'s holdings in Home BancShares were worth $1,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. State of Michigan Retirement System grew its holdings in shares of Home BancShares by 0.9% during the first quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider's stock worth $1,250,000 after buying an additional 400 shares in the last quarter. Xponance Inc. boosted its stake in Home BancShares by 1.8% during the 1st quarter. Xponance Inc. now owns 26,770 shares of the financial services provider's stock valued at $757,000 after acquiring an additional 476 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of 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 worth $1,464,000 after buying an additional 500 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Home BancShares by 48.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after acquiring an additional 530 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Home BancShares by 2.7% during 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 in the last quarter. Hedge funds and other institutional investors own 67.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HOMB shares. Piper Sandler upped their price target on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday. Stephens reissued an "overweight" rating and issued a $33.00 price objective on shares of Home BancShares in a research note on Monday, April 21st. Wall Street Zen upgraded shares of Home BancShares from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank Of Canada dropped their price target on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Monday, April 21st. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.20.

Insider Activity

In related news, CEO John Stephen Tipton sold 24,159 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 53,308 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total value of $68,625.00. Following the transaction, the chief accounting officer owned 4,301 shares of the company's stock, valued at approximately $118,062.45. This trade represents a 36.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,787 shares of company stock worth $937,840. 6.30% of the stock is owned by company insiders.

Home BancShares Stock Down 1.2%

Shares of NYSE HOMB traded down $0.35 during trading on Monday, hitting $29.84. The stock had a trading volume of 1,034,631 shares, compared to its average volume of 1,003,135. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $5.89 billion, a PE ratio of 13.63 and a beta of 0.79. Home BancShares, Inc. has a 12 month low of $24.22 and a 12 month high of $32.91. The firm has a fifty day moving average of $28.69 and a two-hundred day moving average of $28.57.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $262.56 million. Home BancShares had a return on equity of 10.60% and a net margin of 29.58%. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. As a group, equities research analysts forecast that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The company also recently declared 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 boost from Home BancShares's previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 2.68%. Home BancShares's dividend payout ratio (DPR) is 36.53%.

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.