Home BancShares, Inc. $HOMB is Copeland Capital Management LLC's 5th Largest Position

Key Points

• Copeland Capital Management LLC reduced its stake in Home BancShares, Inc. by 8.4% during the second quarter, making it the firm's fifth largest position.
• Home BancShares reported $0.58 earnings per share for the last quarter, matching analysts' expectations, with revenues up 6.5% compared to the previous year.
• The company announced a quarterly dividend of $0.20 per share, representing an annualized yield of 2.9%.

Copeland Capital Management LLC lowered its position in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,909,648 shares of the financial services provider's stock after selling 265,338 shares during the quarter. Home BancShares makes up approximately 1.7% of Copeland Capital Management LLC's portfolio, making the stock its 5th biggest position. Copeland Capital Management LLC owned about 1.47% of Home BancShares worth $82,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BTC Capital Management Inc. boosted its stake in shares of Home BancShares by 2.3% during the second quarter. BTC Capital Management Inc. now owns 16,683 shares of the financial services provider's stock valued at $473,000 after purchasing an additional 374 shares during the period. State of Michigan Retirement System boosted its stake 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 valued at $1,250,000 after purchasing an additional 400 shares during the period. Xponance Inc. boosted its stake in shares of Home BancShares by 1.8% during the first quarter. Xponance Inc. now owns 26,770 shares of the financial services provider's stock valued at $757,000 after purchasing an additional 476 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Home BancShares by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider's stock valued at $1,464,000 after purchasing an additional 500 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Home BancShares by 2.7% during the first 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 during the period. Hedge funds and other institutional investors own 67.31% of the company's stock.

Home BancShares Stock Down 0.6%

Shares of Home BancShares stock opened at $28.02 on Friday. 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 company's fifty day simple moving average is $28.88 and its two-hundred day simple moving average is $28.39. The company has a market cap of $5.52 billion, a P/E ratio of 12.79 and a beta of 0.78. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.90.

Home BancShares (NYSE:HOMB - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $271.03 million for the quarter, compared to the consensus estimate of $262.56 million. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company's quarterly 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 anticipate that Home BancShares, Inc. will post 2.19 EPS for the current year.

Home BancShares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Wednesday, August 13th were issued a $0.20 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. Home BancShares's dividend payout ratio is 36.53%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Home BancShares from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Cantor Fitzgerald assumed coverage on Home BancShares in a research note on Wednesday, September 10th. They set a "neutral" rating and a $32.00 price objective for the company. 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, July 21st. Finally, Piper Sandler raised their price target on Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $33.00.

Insider Transactions at Home BancShares

In other Home BancShares news, CEO John W. Allison sold 110,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 5,540,776 shares in the company, 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. Company insiders own 6.30% of the company's stock.

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.

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