13,232 Shares in Home BancShares, Inc. $HOMB Purchased by Eisler Capital Management Ltd.

Key Points

• Eisler Capital Management Ltd. has invested approximately $374,000 in Home BancShares, acquiring 13,232 shares in the first quarter.
• CEO John Stephen Tipton has sold 24,159 shares of Home BancShares, decreasing his ownership by 31.19%, while CEO John W. Allison sold 110,000 shares with a 1.95% decrease in his position.
• Home BancShares announced a quarterly dividend of $0.20 per share, yielding 2.7%, with an annualized dividend payout ratio of 36.53%.

Eisler Capital Management Ltd. bought a new stake in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,232 shares of the financial services provider's stock, valued at approximately $374,000.

Several other institutional investors also recently bought and sold shares of HOMB. Stifel Financial Corp lifted its position in shares of Home BancShares by 2.0% during the fourth quarter. Stifel Financial Corp now owns 123,590 shares of the financial services provider's stock worth $3,498,000 after purchasing an additional 2,403 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in Home BancShares during the 4th quarter worth approximately $315,000. Aptus Capital Advisors LLC boosted its position in Home BancShares by 41.6% in the 4th quarter. Aptus Capital Advisors LLC now owns 265,393 shares of the financial services provider's stock valued at $7,511,000 after buying an additional 77,956 shares during the period. Algert Global LLC grew its stake in shares of Home BancShares by 21.1% in the fourth quarter. Algert Global LLC now owns 99,085 shares of the financial services provider's stock worth $2,804,000 after acquiring an additional 17,270 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Home BancShares by 28.3% during the fourth quarter. Baird Financial Group Inc. now owns 29,503 shares of the financial services provider's stock worth $835,000 after acquiring an additional 6,503 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home BancShares

In related news, CEO John Stephen Tipton sold 24,159 shares of the firm'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 transaction of $664,855.68. Following the transaction, the chief executive officer owned 53,308 shares in the company, valued at $1,467,036.16. This trade represents a 31.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John W. Allison sold 110,000 shares of the 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 sale, the chief executive officer directly owned 5,540,776 shares of the company's stock, valued at $166,334,095.52. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.

Home BancShares Stock Down 1.2%

Shares of Home BancShares stock traded down $0.35 during trading hours on Tuesday, hitting $29.42. The company had a trading volume of 255,948 shares, compared to its average volume of 1,003,730. 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's 50-day moving average is $28.94 and its two-hundred day moving average is $28.38. The company has a market cap of $5.80 billion, a P/E ratio of 13.44 and a beta of 0.81. Home BancShares, Inc. has a twelve month low of $24.22 and a twelve month high of $32.90.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The firm had revenue of $271.03 million during the quarter, compared to analysts' expectations of $262.56 million. During the same period in the previous year, the company earned $0.52 earnings per share. Home BancShares's quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th will be given a $0.20 dividend. 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 dividend payout ratio is 36.53%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HOMB. Piper Sandler increased their price target on Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods lifted their price target on shares of Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research note on Monday, July 21st. Finally, Wall Street Zen downgraded shares of Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Home BancShares has a consensus rating of "Moderate Buy" and a consensus 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.