Financiere des Professionnels Fonds d investissement inc. Buys Shares of 15,467 Home BancShares, Inc. $HOMB

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired 15,467 shares of Home BancShares, Inc. for approximately $440,000, as indicated in their recent SEC filing.
• Analysts have set a consensus rating of "Moderate Buy" for Home BancShares, with an average price target of $33.00, reflecting recent adjustments by various investment firms.
• Home BancShares recently announced a quarterly dividend of $0.20 per share, translating to an annualized yield of 2.7% and a payout ratio of 36.53%.

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Home BancShares, Inc. (NYSE:HOMB - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,467 shares of the financial services provider's stock, valued at approximately $440,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in Home BancShares by 12.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider's stock worth $522,000 after buying an additional 2,096 shares during the period. Principal Financial Group Inc. raised its position in Home BancShares by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider's stock valued at $12,118,000 after buying an additional 4,019 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Home BancShares by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,242,307 shares of the financial services provider's stock valued at $63,390,000 after purchasing an additional 75,463 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Home BancShares by 48.0% in the first quarter. Cerity Partners LLC now owns 18,804 shares of the financial services provider's stock valued at $532,000 after purchasing an additional 6,102 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company's stock.

Home BancShares Stock Performance

NYSE:HOMB traded down $0.48 on Friday, hitting $29.28. The company's stock had a trading volume of 3,427,513 shares, compared to its average volume of 917,270. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $29.03 and a two-hundred day moving average of $28.38. The firm has a market capitalization of $5.77 billion, a P/E ratio of 13.37 and a beta of 0.81. Home BancShares, Inc. has a one year low of $24.22 and a one year high of $32.90.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. The business had revenue of $271.03 million for the quarter, compared to analyst estimates 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 was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. Research analysts predict that Home BancShares, Inc. will post 2.19 earnings per share for the current year.

Home BancShares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Wednesday, August 13th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. Home BancShares's dividend payout ratio is presently 36.53%.

Insider Activity at Home BancShares

In other news, CEO John W. Allison sold 110,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $30.02, for a total value of $3,302,200.00. Following the transaction, the chief executive officer owned 5,540,776 shares of the company's stock, valued at approximately $166,334,095.52. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Wall Street Zen downgraded Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Cantor Fitzgerald started coverage on Home BancShares in a research report on Wednesday, September 10th. They issued a "neutral" rating and a $32.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a research report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus 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.