Cwm LLC Has $395,000 Stake in Home BancShares, Inc. (NYSE:HOMB)

CWM LLC reduced its stake in Home BancShares, Inc. (NYSE:HOMB - Free Report) by 77.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,989 shares of the financial services provider's stock after selling 47,715 shares during the period. CWM LLC's holdings in Home BancShares were worth $395,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd purchased a new position in Home BancShares in the 4th quarter valued at about $28,000. Nomura Asset Management Co. Ltd. lifted its position in shares of 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 purchasing an additional 530 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 995 shares during the last quarter. UMB Bank n.a. lifted its position in shares of 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 purchasing an additional 647 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Home BancShares by 60.5% during the first quarter. Fifth Third Bancorp now owns 3,468 shares of the financial services provider's stock worth $98,000 after purchasing an additional 1,307 shares during the last quarter. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Kevin Hester sold 7,128 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $28.67, for a total transaction of $204,359.76. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Stephen Tipton sold 24,159 shares of the firm'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 transaction of $664,855.68. Following the sale, the chief executive officer owned 53,308 shares of the company's stock, valued at $1,467,036.16. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

Home BancShares Stock Performance

Shares of NYSE:HOMB traded down $0.18 during trading hours on Friday, hitting $28.64. The stock had a trading volume of 949,183 shares, compared to its average volume of 1,160,303. The stock's fifty day simple moving average is $28.69 and its 200 day simple moving average is $28.60. Home BancShares, Inc. has a 1-year low of $24.22 and a 1-year high of $32.90. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 13.08 and a beta of 0.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 0.90.

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 the consensus estimate of $0.58. Home BancShares had a net margin of 29.58% and a return on equity of 10.60%. The company had revenue of $271.03 million for the quarter, compared to analyst estimates of $262.56 million. During the same quarter last year, the business earned $0.52 earnings per share. Home BancShares's revenue was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that Home BancShares, Inc. will post 2.19 earnings per share for the current fiscal year.

Home BancShares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Wednesday, August 13th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.79%. Home BancShares's dividend payout ratio is presently 36.53%.

Analysts Set New Price Targets

Several brokerages have recently commented on HOMB. Royal Bank Of Canada reduced their price target on shares of Home BancShares from $33.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Monday, April 21st. Piper Sandler increased their price target on shares of Home BancShares from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods raised their target price on shares of Home BancShares from $30.00 to $32.00 and gave the stock a "market perform" rating in a report on Monday. Wall Street Zen raised shares of Home BancShares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. Finally, Stephens reissued an "overweight" rating and issued a $33.00 target price on shares of Home BancShares in a report on Monday, April 21st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $33.20.

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.