DecisionPoint Financial LLC Has $20.75 Million Stock Holdings in Home BancShares, Inc. (NYSE:HOMB)

DecisionPoint Financial LLC lowered its stake in shares of Home BancShares, Inc. (NYSE:HOMB - Free Report) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 733,887 shares of the financial services provider's stock after selling 14,580 shares during the quarter. Home BancShares comprises 6.0% of DecisionPoint Financial LLC's portfolio, making the stock its 6th largest position. DecisionPoint Financial LLC owned approximately 0.37% of Home BancShares worth $20,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new stake in Home BancShares during the fourth quarter worth about $28,000. Nomura Asset Management Co. Ltd. boosted its stake in Home BancShares by 48.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,630 shares of the financial services provider's stock worth $46,000 after acquiring an additional 530 shares in the last quarter. GAMMA Investing LLC boosted its stake in Home BancShares by 60.8% during the first quarter. GAMMA Investing LLC now owns 2,632 shares of the financial services provider's stock worth $74,000 after acquiring an additional 995 shares in the last quarter. UMB Bank n.a. boosted its stake in Home BancShares by 32.4% during the first quarter. UMB Bank n.a. now owns 2,646 shares of the financial services provider's stock worth $75,000 after acquiring an additional 647 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new stake in Home BancShares during the fourth quarter worth about $85,000. Hedge funds and other institutional investors own 67.31% of the company's stock.

Insider Activity at Home BancShares

In other Home BancShares news, CEO John Stephen Tipton sold 24,159 shares of Home BancShares stock in a transaction on Friday, June 20th. The shares were 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 of the company's stock, valued at $1,467,036.16. This trade represents a 31.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jennifer C. Floyd sold 2,500 shares of Home BancShares stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.45, for a total transaction of $68,625.00. Following the completion of the transaction, the chief accounting officer directly owned 4,301 shares of the company's stock, valued at $118,062.45. The trade was a 36.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Analyst Ratings Changes

Several research analysts have recently issued reports on HOMB shares. Piper Sandler upped their target price on shares of Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Friday. Wall Street Zen upgraded shares of Home BancShares from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Royal Bank Of Canada dropped their target price on shares of 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, Stephens reiterated an "overweight" rating and issued a $33.00 target price on shares of Home BancShares in a research note on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.20.

Home BancShares Price Performance

Shares of NYSE HOMB traded up $1.05 during midday trading on Friday, reaching $30.18. The stock had a trading volume of 2,042,477 shares, compared to its average volume of 1,005,348. The stock has a 50-day moving average of $28.69 and a 200-day moving average of $28.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 13.78 and a beta of 0.79. Home BancShares, Inc. has a 12-month low of $24.22 and a 12-month high of $32.91.

Home BancShares (NYSE:HOMB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. The firm had revenue of $271.03 million during the quarter, compared to analysts' expectations of $262.56 million. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, research analysts anticipate that Home BancShares, Inc. will post 2.19 EPS for the current fiscal year.

Home BancShares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 14th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.65%. This is a boost from Home BancShares's previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, May 14th. Home BancShares's dividend payout ratio (DPR) is presently 36.53%.

Home BancShares 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.