Home BancShares, Inc. $HOMB Stock Holdings Decreased by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its holdings in Home BancShares by 44.1%, now owning 89,729 shares valued at approximately $2.54 million after selling 70,822 shares in the first quarter.
• CEO John Stephen Tipton recently sold 24,159 shares for about $664,855, decreasing his ownership by 31.19%, while CEO John W. Allison sold 110,000 shares totaling over $3.3 million, reflecting a 1.95% decrease in ownership.
• Brokerages have mixed ratings on Home BancShares, with price targets ranging from $30.00 to $35.00, and an average consensus rating of "Moderate Buy".

Epoch Investment Partners Inc. trimmed its position in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 44.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,729 shares of the financial services provider's stock after selling 70,822 shares during the period. Epoch Investment Partners Inc.'s holdings in Home BancShares were worth $2,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Michigan Retirement System raised its holdings in shares of Home BancShares by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 44,230 shares of the financial services provider's stock worth $1,250,000 after purchasing an additional 400 shares in the last quarter. Xponance Inc. grew its position in Home BancShares by 1.8% in the first quarter. Xponance Inc. now owns 26,770 shares of the financial services provider's stock worth $757,000 after acquiring an additional 476 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Home BancShares by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 51,800 shares of the financial services provider's stock worth $1,464,000 after acquiring an additional 500 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Home BancShares by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 21,657 shares of the financial services provider's stock worth $612,000 after buying an additional 575 shares during the period. Finally, Kwmg LLC boosted its holdings in shares of Home BancShares by 0.3% during the 1st quarter. Kwmg LLC now owns 242,066 shares of the financial services provider's stock worth $6,843,000 after buying an additional 627 shares during the period. 67.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Home BancShares

In related news, CEO John Stephen Tipton sold 24,159 shares of the company's 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 sale, the chief executive officer directly owned 53,308 shares in the company, valued at $1,467,036.16. This represents a 31.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 directly owned 5,540,776 shares in the company, valued at $166,334,095.52. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HOMB. Keefe, Bruyette & Woods increased their price objective on shares of Home BancShares from $30.00 to $32.00 and gave the company a "market perform" rating in a research note on Monday, July 21st. Wall Street Zen lowered shares of Home BancShares from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Finally, Piper Sandler lifted their price objective on shares of Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.20.

Home BancShares Price Performance

NYSE HOMB opened at $30.13 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.24. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.90. The company has a market capitalization of $5.94 billion, a PE ratio of 13.76 and a beta of 0.78. The firm's 50 day moving average is $28.82 and its 200-day moving average is $28.42.

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 for the quarter, meeting the consensus estimate of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The business had revenue of $271.03 million during the quarter, compared to analysts' expectations of $262.56 million. During the same period last year, the business earned $0.52 earnings per share. The firm's revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Announces Dividend

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

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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