Home BancShares, Inc. (NYSE:HOMB) Stock Holdings Trimmed by DecisionPoint Financial LLC

DecisionPoint Financial LLC lessened its holdings in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 733,887 shares of the financial services provider's stock after selling 14,580 shares during the quarter. Home BancShares makes up approximately 6.0% of DecisionPoint Financial LLC's investment portfolio, making the stock its 6th largest position. DecisionPoint Financial LLC owned 0.37% of Home BancShares worth $20,747,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Home BancShares by 12.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,451 shares of the financial services provider's stock valued at $522,000 after acquiring an additional 2,096 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Home BancShares by 60.8% in the 1st quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 995 shares during the last quarter. Principal Financial Group Inc. raised its stake in Home BancShares by 0.9% during the first quarter. Principal Financial Group Inc. now owns 428,649 shares of the financial services provider's stock worth $12,118,000 after buying an additional 4,019 shares during the last quarter. Vest Financial LLC bought a new position in Home BancShares during the first quarter worth $1,691,000. Finally, Fifth Third Bancorp lifted its holdings in Home BancShares by 60.5% in the first quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock valued at $98,000 after buying an additional 1,307 shares during the period. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Home BancShares Stock Up 2.1%

NYSE:HOMB traded up $0.59 on Thursday, hitting $29.11. The stock had a trading volume of 1,354,494 shares, compared to its average volume of 1,006,790. The company has a market cap of $5.75 billion, a PE ratio of 13.85 and a beta of 0.79. Home BancShares, Inc. has a 52 week low of $24.22 and a 52 week high of $32.91. The business's fifty day moving average is $28.65 and its 200 day moving average is $28.55. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.26.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly 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 net margin of 28.44% and a return on equity of 10.49%. Home BancShares's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. On average, equities research analysts expect that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were given a $0.20 dividend. This is a boost from Home BancShares's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, May 14th. This represents a $0.80 annualized dividend and a yield of 2.75%. Home BancShares's dividend payout ratio (DPR) is presently 36.53%.

Wall Street Analysts Forecast Growth

HOMB has been the subject of several research analyst reports. Stephens reissued an "overweight" rating and issued a $33.00 price objective on shares of Home BancShares in a research report on Monday, April 21st. Royal Bank Of Canada dropped their price target on Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.40.

Insiders Place Their Bets

In other Home BancShares news, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $28.67, for a total transaction of $204,359.76. Following the transaction, the insider directly owned 124,912 shares in the company, valued at approximately $3,581,227.04. This trade represents a 5.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer C. Floyd sold 2,500 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the sale, the chief accounting officer owned 4,301 shares of the company's stock, valued at approximately $118,062.45. This represents a 36.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,787 shares of company stock valued at $937,840. Corporate insiders own 6.30% of the company's stock.

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.