Home BancShares, Inc. $HOMB Shares Sold by DecisionPoint Financial LLC

Key Points

• DecisionPoint Financial LLC cut its stake in Home BancShares by 11.5% in Q4, selling 76,315 shares and ending the period with 586,705 shares (about $16.3M), representing ~0.30% of HOMB and 3.6% of DecisionPoint's portfolio.
• Home BancShares reported Q1 EPS of $0.60, matching estimates, while revenue of $266.7M missed expectations of $274.1M; the company shows a 32.48% net margin and 11.11% return on equity.
• Quarterly dividend announced: $0.21 per share ($0.84 annualized) for a 3.1% yield, with an ex-dividend date of May 13 and payment on June 3.

DecisionPoint Financial LLC cut its position in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 586,705 shares of the financial services provider's stock after selling 76,315 shares during the quarter. Home BancShares accounts for about 3.6% of DecisionPoint Financial LLC's portfolio, making the stock its 8th largest holding. DecisionPoint Financial LLC owned about 0.30% of Home BancShares worth $16,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fieldview Capital Management LLC raised its position in shares of Home BancShares by 86.7% in the 3rd quarter. Fieldview Capital Management LLC now owns 123,552 shares of the financial services provider's stock valued at $3,497,000 after buying an additional 57,358 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Home BancShares by 220.0% in the 4th quarter. SG Americas Securities LLC now owns 69,900 shares of the financial services provider's stock valued at $1,942,000 after buying an additional 48,053 shares in the last quarter. Fisher Asset Management LLC increased its position in Home BancShares by 4.4% during the 3rd quarter. Fisher Asset Management LLC now owns 2,082,532 shares of the financial services provider's stock worth $58,936,000 after purchasing an additional 88,563 shares in the last quarter. Great Lakes Advisors LLC increased its position in Home BancShares by 92.6% during the 3rd quarter. Great Lakes Advisors LLC now owns 216,728 shares of the financial services provider's stock worth $6,133,000 after purchasing an additional 104,212 shares in the last quarter. Finally, Vest Financial LLC increased its position in Home BancShares by 82.9% during the 3rd quarter. Vest Financial LLC now owns 134,033 shares of the financial services provider's stock worth $3,793,000 after purchasing an additional 60,753 shares in the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Trading Up 0.5%

HOMB opened at $26.81 on Friday. Home BancShares, Inc. has a fifty-two week low of $25.67 and a fifty-two week high of $30.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 11.03 and a beta of 0.75. The company's 50 day moving average price is $27.44 and its two-hundred day moving average price is $27.89.

Home BancShares (NYSE:HOMB - Get Free Report) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. Home BancShares had a net margin of 32.48% and a return on equity of 11.11%. The firm had revenue of $266.71 million for the quarter, compared to analyst estimates of $274.06 million. During the same period in the previous year, the firm posted $0.56 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Home BancShares, Inc. will post 2.48 earnings per share for the current year.

Home BancShares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, May 13th. Home BancShares's dividend payout ratio is currently 34.57%.

Insider Activity

In other news, Director Donna Townsell sold 5,563 shares of the company's stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $28.38, for a total value of $157,877.94. Following the sale, the director directly owned 218,460 shares of the company's stock, valued at approximately $6,199,894.80. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John W. Allison II sold 5,000 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $28.19, for a total transaction of $140,950.00. Following the completion of the sale, the director directly owned 651,995 shares in the company, valued at approximately $18,379,739.05. This represents a 0.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 13,563 shares of company stock valued at $380,158. Company insiders own 6.39% of the company's stock.

Analyst Ratings Changes

HOMB has been the subject of a number of research analyst reports. Cantor Fitzgerald lowered their price objective on shares of Home BancShares from $32.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, March 3rd. Royal Bank Of Canada set a $31.00 price objective on shares of Home BancShares in a research report on Monday, January 12th. Zacks Research cut shares of Home BancShares from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Home BancShares in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Home BancShares from a "hold" rating to a "sell" rating in a research report on Saturday, April 18th. 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.40.

Home BancShares Company Profile

Home BancShares, Inc is a bank holding company based in Conway, Arkansas, operating through its primary subsidiary, Home Bank, National Association. Founded in March 1999, the company provides a comprehensive suite of banking services to individuals, small and middle-market businesses, and public entities. These services encompass deposit accounts, consumer and commercial lending, mortgage origination and servicing, treasury management, and wealth management solutions.

The company's core products include checking and savings accounts, certificates of deposit, and money market accounts, as well as a variety of loan offerings such as commercial real estate financing, equipment loans, agricultural lending, and residential mortgages.

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