Deutsche Bank AG Sells 11,421 Shares of Home BancShares, Inc. $HOMB

Deutsche Bank AG lessened its holdings in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,768 shares of the financial services provider's stock after selling 11,421 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Home BancShares worth $4,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HOMB. Wells Fargo & Company MN grew its stake in Home BancShares by 21.1% during the 4th quarter. Wells Fargo & Company MN now owns 170,770 shares of the financial services provider's stock valued at $4,833,000 after acquiring an additional 29,718 shares in the last quarter. Cerity Partners LLC grew its stake in Home BancShares by 33.2% during the 4th quarter. Cerity Partners LLC now owns 12,702 shares of the financial services provider's stock valued at $358,000 after acquiring an additional 3,164 shares in the last quarter. Bank of Montreal Can grew its stake in Home BancShares by 17.9% during the 4th quarter. Bank of Montreal Can now owns 20,913 shares of the financial services provider's stock valued at $592,000 after acquiring an additional 3,175 shares in the last quarter. Invesco Ltd. grew its stake in Home BancShares by 36.2% during the 4th quarter. Invesco Ltd. now owns 426,359 shares of the financial services provider's stock valued at $12,066,000 after acquiring an additional 113,371 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Home BancShares during the 4th quarter valued at about $5,656,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Insider Activity at Home BancShares

In related news, CEO John Stephen Tipton sold 24,159 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 53,308 shares in the company, valued at approximately $1,467,036.16. This represents a 31.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HOMB shares. Wall Street Zen cut Home BancShares from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Piper Sandler boosted their price target on Home BancShares from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Keefe, Bruyette & Woods boosted their target price on Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday, July 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Home BancShares Stock Performance

Shares of HOMB stock traded up $0.92 during trading hours on Friday, reaching $29.52. 297,464 shares of the company's stock were exchanged, compared to its average volume of 1,006,422. Home BancShares, Inc. has a fifty-two week low of $24.22 and a fifty-two week high of $32.90. The stock has a market capitalization of $5.82 billion, a P/E ratio of 13.47 and a beta of 0.78. The business has a fifty day moving average price of $28.63 and a 200-day moving average price of $28.45. 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 (NYSE:HOMB - Get Free Report) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. The business had revenue of $271.03 million during 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%.Home BancShares's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. Analysts predict that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Announces Dividend

The company also recently announced 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 dividend yield of 2.7%. The ex-dividend date is Wednesday, August 13th. Home BancShares's dividend payout ratio is presently 36.53%.

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.