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

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in shares of Home BancShares by 2.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 8,404,440 shares of the financial services provider's stock valued at $237,594,000 after buying an additional 196,563 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Home BancShares by 3.5% in the 1st 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 buying an additional 75,463 shares in the last quarter. Nuveen LLC acquired a new position in shares of Home BancShares in the 1st quarter valued at approximately $41,431,000. Royce & Associates LP raised its position in shares of Home BancShares by 0.5% in the 1st quarter. Royce & Associates LP now owns 1,123,775 shares of the financial services provider's stock valued at $31,769,000 after buying an additional 5,239 shares in the last quarter. Finally, Boston Partners raised its position in shares of Home BancShares by 1.4% in the 1st quarter. Boston Partners now owns 990,030 shares of the financial services provider's stock valued at $27,830,000 after buying an additional 13,813 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Trading Down 1.6%

Shares of NYSE HOMB traded down $0.48 during midday trading on Friday, reaching $29.28. The stock had a trading volume of 3,427,513 shares, compared to its average volume of 917,270. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 13.37 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. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. The company's 50 day moving average price is $29.03 and its 200 day moving average price is $28.38.

Home BancShares (NYSE:HOMB - Get Free Report) last released its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) 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 company had revenue of $271.03 million for the quarter, compared to the consensus estimate of $262.56 million. During the same quarter in the previous year, the company earned $0.52 EPS. Home BancShares's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

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

Insider Activity

In related news, CEO John W. Allison sold 110,000 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $30.02, for a total transaction of $3,302,200.00. Following the transaction, the chief executive officer owned 5,540,776 shares in the company, valued at $166,334,095.52. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by insiders.

Analysts Set New Price Targets

HOMB has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price 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, July 21st. Wall Street Zen lowered shares of Home BancShares from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. 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 report on Friday, July 18th. Finally, Cantor Fitzgerald started coverage on shares of Home BancShares in a report on Wednesday, September 10th. They set a "neutral" rating and a $32.00 price target on the stock. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.00.

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.