Home BancShares, Inc. (NYSE:HOMB) Stock Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 436,769 shares of the financial services provider's stock after selling 41,743 shares during the quarter. Envestnet Asset Management Inc. owned about 0.22% of Home BancShares worth $12,347,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in Home BancShares during the fourth quarter worth $28,000. Nomura Asset Management Co. Ltd. grew its holdings in Home BancShares by 48.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 530 shares during the last quarter. GAMMA Investing LLC grew its holdings in Home BancShares by 60.8% in the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 995 shares during the last quarter. UMB Bank n.a. grew its holdings in Home BancShares by 32.4% in the first quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 647 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Home BancShares in the fourth quarter valued at $85,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Wall Street Analyst Weigh In

HOMB has been the topic of several research reports. Wall Street Zen raised Home BancShares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods increased their price objective on Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday. Royal Bank Of Canada decreased their price objective on 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. Piper Sandler increased their price objective on Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Stephens reaffirmed an "overweight" rating and set a $33.00 price objective on shares of Home BancShares in a research note on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Home BancShares has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Insider Activity

In other news, CEO John Stephen Tipton sold 24,159 shares of Home BancShares 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 in the company, valued at approximately $1,467,036.16. This trade represents a 31.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin Hester sold 7,128 shares of Home BancShares stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total value of $204,359.76. Following the completion of the transaction, the insider owned 124,912 shares of the company's stock, valued at approximately $3,581,227.04. The trade was a 5.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,787 shares of company stock worth $937,840. 6.30% of the stock is currently owned by corporate insiders.

Home BancShares Trading Up 0.6%

NYSE HOMB traded up $0.17 during trading hours on Tuesday, hitting $30.02. 275,953 shares of the company's stock were exchanged, compared to its average volume of 1,000,288. The business's 50 day moving average is $28.69 and its 200-day moving average is $28.58. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.91. The firm has a market capitalization of $5.93 billion, a P/E ratio of 13.70 and a beta of 0.79. 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 released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, hitting analysts' consensus estimates of $0.58. The company had revenue of $271.03 million for 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 company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. As a group, analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Wednesday, May 14th were paid a $0.20 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. This is a positive change from Home BancShares's previous quarterly dividend of $0.20. Home BancShares's dividend payout ratio (DPR) is 36.53%.

Home BancShares 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.